Have you ever watched a cryptocurrency take off like a rocket, leaving traders scrambling to catch the wave? That’s exactly what happened with Omni Network (OMNI) on July 29, 2025, when its price surged an astonishing 170% in a single day. The catalyst? A listing on South Korea’s largest crypto exchange, Upbit. This wasn’t just a blip on the radar—OMNI’s breakout from a technical pattern now suggests it could climb another 120% in the coming weeks. Let’s unpack this electrifying rally, explore why it happened, and figure out what’s next for this under-the-radar altcoin.
Why OMNI’s Upbit Listing Sparked a Frenzy
The crypto market is no stranger to sudden price spikes, but OMNI’s performance on July 29 was something special. After Upbit announced a new KRW trading pair for OMNI, the token’s price shot up, peaking at $7.08 before settling at $4.84 by the end of the day. That’s still an 84% gain in 24 hours—enough to make any trader’s heart race. But what made this listing such a game-changer?
South Korea is a hotbed for crypto trading, and Upbit is the kingpin of exchanges in the region. Its decision to list OMNI gave the token instant credibility and access to a massive pool of retail investors known for their enthusiasm—and sometimes speculative fervor. The result? A trading volume explosion of over 2,100%, with $904 million changing hands in a single day. Upbit alone accounted for $290 million of that, outpacing even Binance’s $192.7 million.
The power of a major exchange listing can’t be overstated—it’s like flipping a switch that lights up a coin’s potential.
– Crypto market analyst
I’ve seen plenty of listings spark rallies, but this one felt different. The sheer speed and scale of OMNI’s surge suggest it tapped into a perfect storm of investor excitement and market dynamics. Perhaps it’s the allure of a relatively small-cap coin—ranked 337 with a market cap of $182 million—making it feel like a hidden gem ready to shine.
The Short Squeeze That Fueled the Fire
Beyond the Upbit listing, there’s another layer to this story: a short squeeze. Data shows OMNI’s open interest—the total value of outstanding futures contracts—surged to a record $75 million, up 370% in 24 hours. This kind of spike often signals intense market activity, but here’s where it gets interesting: the market was heavily skewed toward short positions, with traders betting OMNI’s price would fall.
Big mistake. As OMNI’s price skyrocketed, those bearish traders were forced to buy back the token to cover their losses, driving the price even higher. The result? A staggering $10.62 million in liquidations, with $7.66 million coming from short positions. It’s a classic case of the market punishing overconfident bears, and it added serious fuel to OMNI’s rally.
- Massive liquidations: $7.66 million in short positions wiped out.
- Open interest surge: Up 370% to $75 million, a new all-time high.
- Trading volume spike: $904 million, with Upbit leading the charge.
This short squeeze wasn’t just a side effect—it was a catalyst that amplified OMNI’s breakout. It’s a reminder of how quickly sentiment can shift in crypto, especially when a coin catches the market off guard.
Breaking Down the Breakout: A Technical Masterclass
Let’s talk charts. If you’re a fan of technical analysis, OMNI’s price action is like a textbook come to life. For months, the token had been trapped in a falling wedge pattern, a bullish setup where the price makes lower highs and lower lows within converging trendlines. It’s the kind of formation that makes traders salivate, as it often signals a big move is coming.
OMNI tried to break out of this pattern twice before—in December 2024 and July 11, 2025—but both attempts fizzled out. This time, though, it was different. On July 29, OMNI smashed through the upper trendline at $4.77, confirming the breakout with a successful retest of that level as support. It’s the kind of move that screams, “The bulls are in charge now.”
A confirmed breakout from a falling wedge is one of the most reliable signals in crypto trading—it’s like the market saying, ‘Buckle up!’
– Technical trader
Other indicators are backing this bullish case. OMNI’s price is now well above its 50-day and 200-day simple moving averages, a sign of a strong uptrend. The Moving Average Convergence Divergence (MACD) is also trending upward, with growing green histogram bars showing that momentum is still on the bulls’ side. It’s not just a one-day wonder—OMNI’s chart is screaming potential.
What’s Next: 120% Upside or a Cooldown?
So, where does OMNI go from here? The breakout from the falling wedge points to a near-term target of $10.70—a 120% jump from its current price of $4.84. If the bulls keep pushing, the long-term target could be as high as $21.75, based on the full projection of the wedge pattern. That’s the kind of upside that gets investors dreaming of early Bitcoin days.
But here’s the catch: OMNI’s Relative Strength Index (RSI) is currently above 70, putting it in overbought territory. In crypto, this isn’t always a death sentence—strong trends can stay overbought for a while—but it does suggest a potential pullback as traders take profits. I’d wager we might see a brief dip to the $4.77 support level before the next leg up.
| Price Level | Significance | Potential Move |
| $4.77 | Breakout Support | Retest or consolidation |
| $10.70 | Near-term Target | 120% upside |
| $21.75 | Long-term Target | Full wedge projection |
Personally, I think the pullback risk is real but shouldn’t scare off long-term bulls. The Upbit listing has given OMNI a new level of visibility, and the technical setup is one of the strongest I’ve seen in a while. If you’re trading this, keep an eye on that $4.77 support—it’s the line in the sand for this rally.
Why OMNI Stands Out in a Crowded Market
With thousands of altcoins vying for attention, why is OMNI making such a splash? For one, its market cap of $182 million puts it in that sweet spot where it’s small enough to have explosive growth potential but large enough to avoid being a total moonshot gamble. Compare that to heavyweights like Bitcoin ($118,284) or Ethereum ($3,824.81), and OMNI feels like a nimble contender ready to punch above its weight.
Then there’s the Upbit factor. South Korea’s crypto market is known for its high engagement, and Upbit’s dominance gives OMNI a unique edge. The exchange’s decision to list OMNI signals confidence in its potential, and that’s not something to overlook. In my experience, when a major exchange backs a smaller coin, it often sets the stage for sustained interest.
- Low market cap: $182 million offers room for growth.
- Exchange credibility: Upbit’s listing boosts investor trust.
- Retail enthusiasm: South Korean traders drive massive volume.
OMNI’s rally isn’t just about hype—it’s about a coin finding its moment. The combination of a major listing, a technical breakout, and a short squeeze creates a rare opportunity for traders and investors alike.
Navigating the Risks: Is OMNI Too Hot to Handle?
Let’s be real—crypto is a wild ride, and OMNI’s meteoric rise comes with risks. The overbought RSI is a red flag, and the crypto market’s volatility means no rally is guaranteed to last. If OMNI fails to hold its $4.77 support, it could slide back toward $2.62, its 24-hour low before the breakout. That’s a scenario no trader wants to face.
Another risk is the broader market. While OMNI outperformed its peers, major coins like Bitcoin (-0.45%), Ethereum (-0.36%), and Solana (-1.79%) were in the red on July 29. If the market turns bearish, OMNI’s rally could lose steam. But here’s the flip side: OMNI’s momentum might just make it a standout, even in a choppy market.
Volatility is crypto’s middle name—chase the trend, but always have an exit plan.
– Seasoned crypto trader
My take? OMNI’s rally is exciting, but don’t let FOMO cloud your judgment. Set clear price targets, watch the RSI, and be ready for a potential cooldown. Crypto rewards the prepared, not the reckless.
How to Play the OMNI Rally
If you’re itching to jump into OMNI’s rally, here’s a game plan. First, confirm the $4.77 support holds—retests are common after breakouts, and you don’t want to buy at the peak. Second, watch the RSI for signs of cooling momentum. If it dips below 70, it might signal a better entry point. Finally, set realistic targets: $10.70 is achievable, but don’t bank on $21.75 without more confirmation.
- Entry point: Wait for a retest of $4.77 or a dip in RSI.
- Price targets: Aim for $10.70 short-term, $21.75 long-term.
- Risk management: Set stop-losses below $4.77 to protect capital.
Trading crypto is as much about discipline as it is about spotting opportunities. OMNI’s breakout is a chance to ride a wave, but only if you’re smart about it. I’ve seen too many traders get burned by chasing hype—don’t be one of them.
The Bigger Picture: Altcoins in 2025
OMNI’s surge isn’t happening in a vacuum. The altcoin market in 2025 is buzzing with potential, as investors hunt for the next big thing beyond Bitcoin and Ethereum. Smaller coins like OMNI, with strong catalysts like exchange listings and technical breakouts, are stealing the spotlight. But what does this mean for the broader market?
For one, it shows the power of exchange listings in driving price action. Upbit’s move with OMNI mirrors similar rallies we’ve seen with other coins on major platforms. It’s a reminder that in crypto, access and visibility are everything. Second, it highlights the growing sophistication of retail investors, who are quick to spot undervalued assets with strong fundamentals.
Altcoin Rally Formula: 40% Exchange Catalyst 30% Technical Breakout 20% Market Sentiment 10% Short Squeeze
OMNI’s story is a microcosm of what’s possible in the altcoin space. As the crypto market matures, coins with real use cases and strong community support—like OMNI—could lead the next wave of growth. It’s an exciting time to be in crypto, and OMNI is proof that the right spark can ignite a fire.
Final Thoughts: Is OMNI the Next Big Altcoin?
OMNI’s 170% surge on July 29 was no fluke—it was the result of a perfect storm of exchange credibility, technical strength, and market dynamics. With a breakout from a falling wedge and a potential 120% upside to $10.70, this altcoin is one to watch. But like any crypto rally, it comes with risks, from overbought signals to broader market volatility.
In my view, OMNI’s story is just beginning. The Upbit listing has put it on the map, and its technical setup suggests more gains are possible. Whether you’re a trader eyeing the next big move or an investor looking for undervalued gems, OMNI deserves a spot on your radar. Just remember: in crypto, opportunity and risk go hand in hand.
The best trades come from spotting momentum early and managing risk wisely.
– Crypto investor
So, what’s your take? Will OMNI hit $10.70, or is a pullback coming first? One thing’s for sure—this altcoin is making waves, and the crypto world is watching.
