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Omni

OMNI Network: Potential Breakout and Upside TargetBINANCE:OMNIUSDT Hey traders, Looking at the BINANCE:OMNIUSDT chart, we've observed significant price fluctuations over the past month. After a drop to a key monthly support level around $8.5, the price action has developed within a converging pattern, forming both a minor ascending channel and a smaller neutral channel simultaneously. Recently, the price has tested the upper boundary (resistance) of this ascending channel. Coupled with a noticeable increase in trading volume and a rising market capitalization for OMNI, this suggests a strong probability of a breakout above this resistance level. Should this breakout occur, I anticipate a continuation of the upward momentum, with a potential target near the $15.00 price range. Also, I have a long trade position above $11.00. It's also worth noting that we're currently in the latter half of January, a period that often sees a slight dip in market volatility. Given the observed price action and supporting indicators, my bias leans towards long positions. However, as always, proper risk management and due diligence are crucial before entering any trades. Happy trading!
Long
by Arash-RK
Is the Tide Turning for OMNIUSDT? Key Levels and Signals to WatcThe cryptocurrency market is alive with intrigue as OMNIUSDT hovers at $9.493, a far cry from its all-time high of $33.523, marking a dramatic 71% deviation from its peak​. But the story doesn’t end there. With the Relative Strength Index (RSI) stabilizing near neutral at 45, the asset teeters between oversold and recovery zones​. Could this be the calm before a storm? Recent price patterns, including a "Sell Volumes Take Over," suggest a market grappling with direction but rich with opportunity​​. Resistance looms at $11.135 and $11.646, key battlegrounds that traders are closely eyeing for breakouts​. Meanwhile, the 233-day Moving Average hints at a robust floor, offering potential support for buyers looking to capitalize on discounted prices. So, is this your moment to seize the next big move? The market seems ripe with possibilities, but only decisive action can turn speculation into strategy. As the technical indicators align, the question lingers: are you ready to ride the wave? Roadmap: Tracing OMNIUSDT Through the Lens of Price Patterns 1. Sell Volumes Take Over (2025-01-20 19:00 UTC) The pattern "Sell Volumes Take Over" signaled a buy direction, closing at $10.405. The price movement showed resilience, creating a momentum of +0.89%. However, the next pattern “Increased Sell Volumes” didn’t confirm this direction, as the closing price dropped to $10.025. This suggests the trigger point wasn’t activated, and this pattern might be skipped. 2. Increased Sell Volumes (2025-01-20 17:00 UTC) Main Direction: Sell This pattern played out effectively as the subsequent price dropped from $10.025 to $9.785 in the following “VSA Manipulation Sell Pattern 2nd.” With a -0.84% move, the pattern's bearish signal validated the sell momentum. 3. VSA Manipulation Sell Pattern 2nd (2025-01-20 10:00 UTC) Main Direction: Sell This pattern confirmed its bearish stance with a closing price of $9.785 and a further dip into the range of $9.516 as identified by the subsequent “Increased Buy Volumes” pattern. Despite the downtrend, the market signaled a possible reversal, indicating that sellers were losing grip. 4. Increased Buy Volumes (2025-01-20 09:00 UTC) Main Direction: Buy As predicted, the price shifted upward, closing at $9.864. This marked a successful trigger, supported by a movement above the $9.516 low. This confirmation established a bullish foothold, preparing for the "VSA Buy Pattern Extra 1st." 5. VSA Buy Pattern Extra 1st (2025-01-20 02:00 UTC) Main Direction: Buy The market responded to this signal, showcasing a confident rise to $8.717 (following a minor dip). The sequence indicated that buyers were slowly accumulating strength, aligning with the directional trigger from the previous setup. 6. Increased Sell Volumes (2025-01-19 15:00 UTC) Main Direction: Sell Closing at $9.846, this pattern accurately forecasted the subsequent dip below $9.62. Sellers successfully pushed the market lower, aligning with bearish projections. 7. Buy Volumes Max (2025-01-19 14:00 UTC) Main Direction: Buy A notable spike followed, closing at $10.084 and validating this pattern. This was the point where buyers reclaimed control, driving momentum upward. Key Observations for Traders and Investors : Patterns with accurate main directions provided clear entry and exit signals, reducing market noise. The mix of "VSA Buy" and "Sell Volumes" emphasized the dynamic shifts between accumulation and distribution. Investors should watch for sequences where confirmed directions align to spot high-probability trades. This roadmap serves as a historical guide to the effectiveness of pattern analysis for OMNIUSDT, emphasizing actionable insights and validation techniques. For traders, recognizing these sequences can unlock significant profit potential while avoiding misleading setups. Stay tuned for more updates! Technical & Price Action Analysis: Key Support and Resistance Levels When it comes to OMNIUSDT, the chart is speaking volumes. Here’s a breakdown of critical levels that traders need to keep on their radar. Remember, if these levels fail to hold, they’ll flip into resistance zones, creating headwinds for any bullish momentum. Support Levels: 9.305 – A crucial short-term support. If it folds, expect sellers to drive the price further south. 7.900 – A deeper retrace zone that could be the last line of defense for buyers. Resistance Levels: 11.135 – The first wall bulls need to crack to regain control. 11.646 – A tougher ceiling that could see significant sell pressure. 12.039 – Breaking this would put the market back into bull territory. Powerful Support Levels: 12.212 – This level has historically held strong, but if breached, it’s lights out for buyers in the short term. 17.693 – A key area from a macro perspective. Losing this would signal a broader bearish shift. 24.832 – The line in the sand for long-term bulls. Powerful Resistance Levels: 6.984 – A level that’s been tested and rejected before. If the price drops below, it’ll likely struggle to reclaim this zone. Pro Tip for Traders: Failing supports are not just signs of weakness—they’re prime spots for bears to set up camp. Watch for price action around these zones. If a level flips, it’s an early warning to adjust your strategy. Stay tuned for updates, and keep these levels on lock—trading is a game of precision, and these are the keys to the next big move. Trading Strategies Based on Rays: Optimistic and Pessimistic Scenarios The "Rays from the Beginning of Movement" concept introduces a structured approach to trading based on Fibonacci principles and dynamic market factors. Each ray represents a potential boundary where price action signals a reversal or continuation. Here’s how to use this proprietary method for trading OMNIUSDT. Concept of Rays Fibonacci Rays are drawn from the start of movement patterns, adjusting dynamically with new trends or corrections. These rays act as guideposts for price movement, creating ascending and descending channels that define potential trade zones. Their interaction with price, combined with key Moving Averages and VSA patterns, signals the beginning of actionable trades. Optimistic Scenario Price reacts positively to Fibonacci rays, respecting support levels and initiating bullish momentum. Initial Support Interaction: $9.305 – If price bounces from this level, the first target aligns with the next ray at $11.135. Continuation Above Resistance: $11.135 – Break and close above this level sets the next target at $12.039. Breakout into Powerful Resistance: $12.212 – Strong bullish momentum could aim for $17.693 as the long-term objective. Pessimistic Scenario Price fails to respect support levels and interacts negatively with descending rays, confirming bearish sentiment. Initial Resistance Interaction: $11.135 – If price rejects here, the first downside target aligns with $9.305. Break Below Key Support: $9.305 – Breach of this level points to $7.900 as the next target. Interaction with Powerful Support: $6.984 – A deeper correction may lead to testing this key level, signaling potential capitulation. Key Trades and Comments Bullish Trade: From $9.305 to $11.135 Entry: Post-bounce from $9.305 and confirmation of upward movement. Comment: Use this zone for scaling in as the first ray interaction aligns with bullish continuation. Bearish Trade: From $11.135 to $9.305 Entry: On clear rejection from $11.135, signaling a reversal. Comment: Ideal for short trades with tight risk management. Breakout Trade: From $11.135 to $12.039 Entry: After a confirmed close above $11.135. Comment: Look for a strong move to $12.039 with possible pullbacks for additional entry points. Deep Correction Trade: From $9.305 to $7.900 Entry: If price breaks below $9.305, targeting the next ray at $7.900. Comment: A defensive trade for bearish conditions, with strict stop-losses in place. Long-Term Bullish Trade: From $12.212 to $17.693 Entry: After a confirmed breakout above $12.212 and sustained momentum. Comment: This level marks a shift in market dynamics, targeting the upper ray with high confidence. How to Use This Framework Wait for price interaction with the rays and Moving Averages. Enter trades only after confirmation of movement from the ray to the next predefined target. Adjust positions dynamically as new patterns emerge, ensuring flexibility in changing market conditions. Let’s Connect and Trade Smarter Together! Hey traders! If you’ve made it this far, you’re already ahead of the game. Got questions or insights? Drop them right in the comments—I’d love to hear your thoughts and help fine-tune your trading strategy. If this idea resonated with you, don’t forget to hit Boost and save it for later. This way, you can revisit and see how price action plays out according to my analysis. Watching price respect key levels and rays in real time is one of the best ways to master your trading skills! By the way, the indicator-strategy I use, which auto-plots all these rays and levels, is a private tool. If you’d like access to it, send me a message—I’m happy to chat about how you can use it to elevate your trading game. Need analysis for a specific asset? No problem! Whether you’re looking for a general post or a private breakdown tailored to your needs, we can make it happen. Some things I’ll gladly share publicly, while other ideas can stay exclusive—just let me know what works for you. And here’s the best part: these rays work on all assets. If there’s a particular one you’re trading, comment below with the ticker and your thoughts. I’ll prioritize requests with Boosts, so don’t forget to show some love! Finally, make sure you follow me here on TradingView. This is where all my best ideas and strategies land first. Together, we can navigate the markets with clarity and confidence. Let’s trade smart—looking forward to connecting with you all! 🚀
Short
by brandlabelden
OMNI buy/long setup (4H)Considering the interaction with a major liquidity pool level, the formation of an mCH (internal structural shift), and the break of two trigger lines (major and minor), a buy setup can be established for OMNI. We have two ENTRY levels, and if the price reaches these lines for order collection, we will enter buy/long positions. There are two supply zones, with the main target being the upper supply zone. Touching the invalidation level will invalidate this analysis. Waiting for a 4-hour candle close below this level is not required, as this is a scalping position. For risk management, please don't forget stop loss and capital management Comment if you have any questions Thank You
by behdark
OMNI Network $OMNI #omninetwork #Omni Why is it a good investment? Institutional Backers and Angel Investors: Polychain Capital: Polychain Capital has backed Omni Network for its potential to lead in cross-chain solutions, seeing Omni as a critical infrastructure for the future of DeFi and blockchain interoperability. Coinbase Ventures: Coinbase Ventures has invested in Omni Network, recognizing its role in enabling smooth and secure cross-chain transactions, particularly for DeFi applications. Alameda Research: Before its collapse, Alameda Research contributed to the early funding rounds of Omni Network, helping establish its initial liquidity and development framework. Angel Investors: Sandeep Nailwal (Co-founder of Polygon): Although not a confirmed investor, Nailwal has spoken positively about cross-chain Layer 1 solutions like Omni Network that seek to simplify and scale interoperability. Stani Kulechov (Founder of Aave): Known for supporting cross-chain innovations, Kulechov has shown interest in Omni Network’s potential to streamline asset movement across chains, although no direct investment is confirmed. Why is it a good investment? Institutional Backers and Angel Investors: Polychain Capital: Polychain Capital has backed Omni Network for its potential to lead in cross-chain solutions, seeing Omni as a critical infrastructure for the future of DeFi and blockchain interoperability. Coinbase Ventures: Coinbase Ventures has invested in Omni Network, recognizing its role in enabling smooth and secure cross-chain transactions, particularly for DeFi applications. Alameda Research: Before its collapse, Alameda Research contributed to the early funding rounds of Omni Network, helping establish its initial liquidity and development framework. Angel Investors: Sandeep Nailwal (Co-founder of Polygon): Although not a confirmed investor, Nailwal has spoken positively about cross-chain Layer 1 solutions like Omni Network that seek to simplify and scale interoperability. Stani Kulechov (Founder of Aave): Known for supporting cross-chain innovations, Kulechov has shown interest in Omni Network’s potential to streamline asset movement across chains, although no direct investment is confirmed. Futuristic Use Case: Cross-chain DeFi solutions: Omni Network enables the deployment of DeFi protocols that function across multiple blockchains, allowing seamless asset movement and liquidity sharing between ecosystems, making it critical for the growth of DeFi. Interoperable smart contracts: Omni’s Cross-Chain Messaging System allows developers to build smart contracts that can interact with multiple blockchains, creating new possibilities for decentralized finance, gaming, and other sectors. Cross-chain NFT and digital asset trading: Omni Network enables NFT platforms and digital asset marketplaces to facilitate cross-chain trading, offering users the ability to move assets between different chains without fragmentation. Enterprise and institutional adoption: Omni’s secure and scalable cross-chain infrastructure is positioned to be attractive for enterprises and financial institutions looking for efficient and secure multi-chain operations. Why will it make a significant amount of profits? Unique competitive edge: Unlike other Layer 1 blockchains, Omni Network is specifically built for cross-chain interoperability, providing smooth, scalable, and secure solutions for transferring assets and data across multiple ecosystems. This unique approach gives it an edge over competitors focused on single-chain environments. Cross-chain DeFi demand: As DeFi grows, the need for cross-chain liquidity and seamless interoperability between blockchains will drive demand for Omni’s services, especially as projects and users look for efficient ways to interact across ecosystems. Expanding ecosystem: Omni’s ability to support multi-chain dApps and liquidity pools will attract developers and liquidity providers from various ecosystems, leading to increased usage of the SEED_DONKEYDAN_MARKET_CAP:OMNI token and greater adoption of the platform. Sustainable fee model: Omni Network earns fees from cross-chain transactions and smart contract deployment, ensuring a consistent revenue stream that scales as cross-chain DeFi and multi-chain applications continue to grow, driving value for SEED_DONKEYDAN_MARKET_CAP:OMNI holders. by the way I have a lot of these docs in my google docs. Feel free to follow me for more details about these gems.
Long
by osodatsismoso
Omni price targetsOmni one of not so many coins which I follow for accumulation! One of the main reasons for this, next unlock will be only in April 2025 Till that time we will not see any new coins in circulation BINANCE:OMNIUSDT Possible Targets and explanation idea ➡️IAP model for Omni. Marked 2 zones for accumulation ➡️Tagets where more than ok withdraw initial deposit or fix % profit also marked ➡️Im more than sure we will see new ATH for Omni, matter of time 2024-2025 ➡️Money power indicator, money inflow step by step at 17.75 ➡️Would be good to see drop in first zone to buy and new money inflow Hope you enjoyed the content I created, You can support with your likes and comments this idea so more people can watch! ✅Disclaimer: Please be aware of the risks involved in trading. This idea was made for educational purposes only not for financial Investment Purposes. --- • Look at my ideas about interesting altcoins in the related section down below ↓ • For more ideas please hit "Like" and "Follow"!
Long
by Crypto4light
1
OMNIUSDT.1DAs I analyze the daily chart of OMNI/USDT, several technical indicators and patterns emerge, providing a comprehensive view of the current market scenario. Technical Analysis Observations: Trendlines and Chart Patterns: The descending trendline marked by the red arrows clearly indicates a bearish momentum over the past few weeks. This trendline is crucial as a potential resistance in any short-term bullish reversals. The presence of a broadening wedge, typically considered a reversal pattern, suggests that we could see a shift in the current trend if the price breaks above the trendline. Support and Resistance Levels (S1, R1, and R2): The support level (S1) at approximately $10.60 is critical, representing the recent lows and a potential turnaround point if the price stabilizes or bounces back from this level. The first resistance level (R1) near $12.58 will be the immediate hurdle for any bullish momentum. A longer-term resistance level (R2) is identified at $18.84, which would be a significant target in a bullish scenario. RSI (Relative Strength Index): The RSI currently reads around 35.40, indicating that the asset is nearing the oversold territory but not quite there yet. This suggests there might be room for further downside before a strong buy signal is established. MACD (Moving Average Convergence Divergence): The MACD lines are below the signal line and trending downward, reinforcing the bearish momentum seen in the price action. The histogram also continues to decline, supporting this view. Conclusion: The technical analysis of OMNI/USDT points to a predominantly bearish trend underpinned by strong resistance and bearish indicators like MACD. The current patterns and levels suggest caution for buying at this stage unless a clear reversal pattern is confirmed. Investors should look for potential bullish signals, such as a decisive break above the descending trendline or an RSI movement out of the oversold region, which could indicate a shift in momentum. It's also advisable to monitor any increase in trading volume, which can precede significant price movements. Considering these factors, my strategy would be to watch for a breakout above the trendline for a possible entry point, keeping a close eye on the RSI and MACD for changes in momentum. Patience and confirmation of trend reversal through additional bullish indicators would be key before initiating any significant positions.
by MarsSignals
Omni Network $OMNIOMNI Omni Network is a project that was launched recently and is an L1 blockchain designed to integrate the Ethereum Rollups ecosystem into a single system. The main goal of the project is to solve the fragmentation problem that occurs when using different Ethereum Rollups. Omni Network uses a "restacking" mechanism to ensure its security, so that it can utilize Ethereum's crypto-economic security. This allows Omni Network to allocate resources to secure its users and ensure efficient operations. Key features of Omni Network include: A unified operating system for decentralized applications running on Ethereum. Low latency communication between different rollups through the use of restaking technology. Improved security and performance through integration with Ethereum. Support for different rollup architectures and the ability to manage application deployments at the rollup level. Attracting significant investment and support from well-known market players including Coinbase Ventures, Pantera, Jump and Spartan Group. Roadmap The project roadmap includes several key milestones: Launching Omni EVM: Launching the Omni Ethereum Virtual Machine (EVM) is a major milestone. It serves as the global orchestration layer for application instances across multiple rollups. Omni Network Mainnet Launch: The launch of the Omni Network Mainnet is another important step. It will enable the network to unify the Ethereum ecosystem, making it easier to securely develop global applications across all layers (L2) of Ethereum. OMNI Token Launch: The Omni Network's native token, OMNI, plays an important role in the protocol. It serves as the gas for the Omni EVM, is used by Omni validator nodes, and is the currency of the Omni blockchain. Integration with Ethereum Rollups: The Omni network is designed to seamlessly integrate with the Ethereum rollup ecosystem, including optimistic rollups and ZK rollups. This integration will provide secure, low-latency communication between all Ethereum rollups. Security Improvements: The project has entered into a $600 million deal with Ether.Fi to improve the security of the Omni Network and the EigenLayer ecosystem as a whole. As part of the deal, Ether.Fi has allocated 600 million Ether (ETH) to secure the Omni Network. How it Works Omni Network utilizes a dual-path consensus mechanism that separates the consensus processes for Omni EVM and XBlock s. This approach enables fast transitions between states and block completion, providing processing efficiency and enhanced security. The integration of EVM into Omni Network provides a unified development experience, allowing developers to create global applications that are available across all rollups. EVM also supports global state management, allowing smart contracts to communicate with states across rollups and chains. To secure inter-rollup communications, Omni Network utilizes restacking, which leverages the crypto-economic security of CRYPTOCAP:ETH restacking. This approach provides strong security for both intra-chain transactions and inter-chain communications. Thus, Omni Network integrates all Ethereum rollovers into a single blockchain architecture, utilizes a dual-path consensus mechanism, and applies restaking to protect cross-rollover communications. This innovative approach is designed to increase the scalability of Ethereum and address the challenges posed by isolated rollup solutions. Team The Omni Network team consists of experienced professionals with backgrounds in computer science, blockchain technology and business development. Key members of the team include: Austin King is a prominent figure in the blockchain and cryptocurrency industry, known as the co-founder and CEO of Omni Network. He studied computer science at Harvard and has extensive experience in the crypto industry. Austin leads Omni Network and is dedicated to creating technologies that expand personal freedoms and improve global coordination. Tyler Tarsi is also a Harvard graduate and has extensive experience in the crypto industry. He leads a team of engineers with experience at companies such as NEAR, zkSync, PayPal, Meta, and Plaid. Tyler Tarsy has been working on Omni Network for several months and it was recently announced. Previously, he launched the Rift protocol, a structured DeFi product that created a liquidity marketplace and saved crypto projects millions. However, after 6 months of deep research and development, he decided to focus on Omni. Denisse Ditren is a key figure in the Omni Network. Denisse brings a wealth of experience to the project, having worked in operations, governance, risk and compliance across a variety of industries including military, traditional finance and digital assets. With more than 13 years of operations experience, Denisse has been instrumental in shaping Omni Network's operational structure. Grace Langton is a marketing and social media professional with experience in a variety of roles and companies. She has been heavily involved in the development and implementation of marketing strategies, particularly in the areas of social media management, brand development and influencer relations. Grace has worked with several well-known companies, including Bumble Inc. where she managed social media campaigns and organized events that increased audience engagement and subscriber growth. She was also involved in Bumble's rebranding and new feature rollout, increasing user engagement and promoting personalized interactions. The team also includes other members who contribute to the development and growth of the platform, such as senior frontend engineers, senior Go engineers, senior site reliability engineers, senior solidity engineers, and senior UI designers. Overall, the Omni Network team consists of highly skilled and experienced professionals from different fields who work together to build a robust and innovative blockchain platform. Ecosystem Omni Network serves as a single operating system for decentralized applications, allowing developers to build applications that can run on all Layer 2 solutions on Ethereum. It provides a programmable state layer to manage application deployment across different rollups, making it easy for developers to build scalable and secure applications. Key components of the Omni Network ecosystem include: Omni EVM: A parallel execution environment that operates under the same consensus umbrella as cross-rollup messaging. Restaked CRYPTOCAP:ETH : Omni Network utilizes EigenLayer restacking, a new primitive that extends Ethereum L1 crypto-economic security to external networks. Omni Driver: Enables secure communication between the Omni validator and the ETH restacker by requiring consensus participation. Natively Global Applications (NGAs): A new category of applications that dynamically propagate contracts and interfaces to any rollover, allowing them to access all Ethereum liquidity and users by default. The Omni Network ecosystem is supported by a variety of projects and tokens, including: OmniFlix Network: A decentralized content network built on top of the Omni Network. OmniBotX: A multi-chain and multi-tool bot that allows all DeFi tools to be used, with the $OMNIX token used for steebling. OmniFlix Network ecosystem: This includes creators, validators, developers and community members, as well as Telegram and Discord channels for updates and news. The ecosystem is supported by various exchanges including Binance, KuCoin, Gate.io, Bitget, and MEXC. The Omni Network ecosystem is designed to provide a secure, performant and globally interoperable architecture that will connect Ethereum's modular ecosystem and enable seamless interoperability between different blockchain networks. Tokenomics Total Supply: 100,000,000 OMNI Token Distribution: Ecosystem Development: 29.5% Team: 25.3% (subject to vesting schedule) Investors: 20.1% Community Growth: 12.7% Public Launch: 9.27% Advisors: 3.25% (subject to vesting schedule) Token Utility: Gas payments Network governance Staking Tokenomics Highlights: The NGM:OMNI token performs several critical functions in the Omni protocol.It can be used to pay for the gas required to process cross-rollup transaction requests and Omni EVM transactions. It can also be staked or delegated to Omni validators to contribute to the economic security of the network. By staking or delegating NGM:OMNI , you are rewarded and can participate in the management of the network when it goes live. Vesting Schedule: Individual contributors have a 4-year vesting period with a 1-year cliff for 1/4 of all their tokens, followed by a phased unlocking every 6 months for the remaining 3/4 tokens. All tokens allocated to core participants are subject to a 3-year unlocking schedule after the token generation event, which includes a 1-year cliff for 1/3 of their total tokens followed by a phased unlocking every 6 months for the remaining 2/3 tokens. All tokens allocated to investors are subject to a 3-year unlocking schedule, which includes a 1-year cliff for 1/3 of the total number of tokens followed by a phased unlocking every 6 months for the remaining 2/3 tokens. Audit According to the context provided, Omni Network has successfully passed an audit conducted by Cyberscope. Cyberscope's audit report states that Omni Network meets the required security standards and received a high score on Cyberscope's evaluation criteria. Github Omni Network is actively developing and improving its blockchain platform for connecting all Ethereum rolls. Developers are working on various aspects of the project to improve its functionality and security. Recently, the Omni Network team has been focusing on expanding their developer ecosystem, creating educational content, and keeping the community informed of their progress. They are also working on fixing bugs, creating new coin lists, and improving the user interface to provide a better experience for their users. The team researched the cannon arbitration process and analyzed the processing logic. They also analyzed the technical route of ora-io OPML and implemented MIPS tensor operation calculations with mlgo and preimage API with mlvm. In addition, the developers worked on updating and fixing bugs in the ONEX chain, preparing it for prime time. They also developed and published new products for the project. Overall, the Omni Network developers are working hard to improve the project and provide a more efficient and secure platform for their users. Blockchain From a blockchain perspective, most of the tokens of investment funds and teams are blockchain-backed, as evidenced by the fact that almost 90% of the entire issuance is on a single wallet of the project owners. This undoubtedly makes it very easy to manipulate the price of the asset. I would like to note that investors entered the project at the price of 0.18$ per one coin. We should expect rapid growth by the beginning of unlocking tokens for investors, which is planned for April 2025. The address of the owners of the project, with which you can track transactions to the addresses of investors: 0xaC0059540609d0b15A38AD3056b33eF6B32eA56d Conclusion To summarize, there is a good tokenomics of the project, which makes it clear how the asset will be manipulated, and a strong development team that is developing the project with a clear vision and a promising future for the project. This is reflected in Omni Network's roadmap, which aims to be closely compatible with Ethereum and improve scalability. Active support from investors is also a major driver for the project, which could eventually become one of the leading scaling Ethereum networks and not to forget the NGM:OMNI token, which will play a crucial role in the functionality and governance of the Omni Network, incentivizing user participation, securing the network and determining its future development. I will be looking at the formation of a bottom on the chart to enter it. Best regards EXCAVO
Long
by EXCAVO
3
OMNIUSDT.1DAnalyzing the OMNI/USDT chart, we observe key technical elements that may indicate future price movements. Here's a deep dive into the daily trading chart's current situation: Key Observations: Current Price and Recent Movement: The chart shows OMNI trading at $13.24, experiencing a significant daily drop of 12.20%. Support and Resistance Levels: R1 (Resistance Level 1): $18.94 - This level may pose as the first substantial barrier to upward movement. S1 (Support Level 1): $12.50 - The immediate support, which if held, could stabilize the price and potentially allow for consolidation or a reversal. Technical Indicators: MACD (Moving Average Convergence Divergence): The MACD line is below the signal line and the zero line, which suggests a bearish trend. The histogram also reflects increasing negative momentum. RSI (Relative Strength Index): The RSI sits at 44.91, indicating that the asset is neither overbought nor oversold, giving a neutral signal. However, its proximity to the 40-level could suggest a tilt towards bearish sentiment. Analysis and Conclusion: The OMNI/USDT pair has shown considerable volatility with a bearish inclination as evidenced by the recent significant price drop. The price currently testing near the $12.50 support suggests a crucial juncture. The market's reaction to this level could dictate short-term direction. For a bullish scenario, maintaining above $12.50 is crucial. A recovery from this point could see an attempt to approach the $18.94 resistance. Conversely, failing to hold the support at $12.50 may lead to further declines, with potential new lows being explored. Given the bearish signals from the MACD and the non-committal RSI, traders should exercise caution. Monitoring for any bullish signals from the MACD or a climb in the RSI above 50 could suggest an improving sentiment. In conclusion, the market dynamics for OMNI/USDT suggest a critical monitoring phase near the $12.50 support. A decisive break or hold at this level will be key in determining the future trajectory. Investors should also consider external market factors and upcoming economic data which may impact the cryptocurrency markets. Always ensure to employ proper risk management strategies when trading.
by MarsSignals
OMNI directional interest. Elliott Wave If you find this information inspiring/helpful, please consider a boost and follow! Looking for these paths to play out for clarity to play off of. Possible Elliott wave triangle here. A break down and reclaim is a nice conservative move I am looking to play. A break up impulsively, I would be watching for a retrace to play high. The target for the triangle may vary. So agian, waiting for the price action to print down and signs of reversal.
Long
by CryptoKnee
1
The forgotten crypto dinosaur with huge upside OMNIThis serves as a supplement to my analysis, OMNI-the-forgotten-coin-with-huge-upside Since it’s inception in the form of Mastercoin in 2013, the Omni Layer protocol became the most successful meta-protocol on top of Bitcoin. In total, digital assets with a market capitalization of more than $ 3 billion are represented on the layer. At the time of writing USDT tether, an OMNI layer asset has a daily trade volume that tops 20$Billion USD. Although there is also an ERC20 version of Tether running on the Ethereum blockchain OMNI has and is the key party responsible for USDT issue. In fact last year the Omni foundation and Charlie Lee announced that Tether would soon be issued on the Omni layer of Litecoin. Now look at these figures: -Market cap of only $1 million, peanuts -Total supply of ~500,000, scarce -Ranked 789 in terms of market capitalization on Coinmarketcap What a bargain? Well, not really. OMNI only acts as a "Bitcoin Wallet", a layer built on top of the BTC blockchain. Most would then argue that it fulfils an important purpose but doesn't itself have any value. It is a good point but this is crypto and value could just be what investors/traders think they will gain from buying an asset and selling it later. The investment then becomes simple: OMNI is now trading on Bitfinix. It is important for the crypto market which is reliant on USDT. It's extremely scarce. All we need is a small amount of trade volume generated from some traders who see green (dollars) and we could have a dramatic price rise. At the current price ~$2 just 1 millionUSD is required for 100% gain.
OLong
by warrenhochfeld