OMNI Gears Up for Big Move, Analysts Predict $13 and $20 Potential Post-Breakout
- OMNI is gaining momentum, with analysts predicting a potential price surge past $9, aiming for $12 and $15 targets.
- After a rebound from $7.98, OMNI shows a 7.79% increase and is approaching crucial resistance at $10.60.
- Analysts suggest OMNI could break out from a descending wedge, potentially reaching $13.26, and even up to $20.
Analysts predict a breakout over resistance levels as the OMNI/TetherUS trading pair continues to display rising momentum. Prominent market analyst Michaël van de Poppe has pointed out that OMNI has recovered a crucial support level, which may cause price movement to pick up speed.
He expects the asset to surpass the $9 level soon, targeting $12 and $15 as potential price zones. As the markets continue to show strength, the Restaking narrative on OMNI is gaining traction. Van de Poppe’s analysis indicates that OMNI’s price structure has shifted from consolidation to a potential upward trend , confirmed by recent price movements.
Key Resistance Levels and Price Momentum
The price chart for OMNI/TetherUS reveals multiple key support and resistance levels. Following a rebound from the $7.98 support level, the asset has surged, marking a 7.79% increase. The price currently sits at $8.99 , pushing toward resistance at $10.60. This resistance level has been tested multiple times, showing price rejections in the past.
Van de Poppe highlights that once OMNI clears this resistance, it could make a strong move toward the $12 and $15 targets. Additionally, increased trading volume during the recovery phase supports the ongoing bullish sentiment.
Consolidation and Potential for a $20 Target
Meanwhile, World Of Charts a crypto analyst has also shared an interesting perspective on OMNI. This analyst suggests that OMNI is currently consolidating within a descending broadening wedge , forming a key technical pattern. The asset had previously faced a significant decline from a peak of $28.00 in May.
Read CRYPTONEWSLAND on google newsAfter testing the lower boundary of the wedge several times, it appears ready for a breakout. The projected price target for OMNI is $13.26, representing a 46% potential increase. If the asset breaks through the wedge’s upper boundary, it could even reach the $20 mark, as expected by the analyst.
disclaimer read moreCrypto News Land, also abbreviated as "CNL", is an independent media entity - we are not affiliated with any company in the blockchain and cryptocurrency industry. We aim to provide fresh and relevant content that will help build up the crypto space since we believe in its potential to impact the world for the better. All of our news sources are credible and accurate as we know it, although we do not make any warranty as to the validity of their statements as well as their motive behind it. While we make sure to double-check the veracity of information from our sources, we do not make any assurances as to the timeliness and completeness of any information in our website as provided by our sources. Moreover, we disclaim any information on our website as investment or financial advice. We encourage all visitors to do your own research and consult with an expert in the relevant subject before making any investment or trading decision.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Scam Sniffer: Crypto-Malware "Meeten" Renamed to "Meetio", Reminding Community to Be Vigilant
US Bitcoin ETF assets break $100 billion
Citron Research: MicroStrategy short positions have been hedged
Anzen Finance announces token economics: total supply is 10 billion