Omni Network token debuted in the cryptocurrency industry on April 17, quickly gaining market attention.
Afterward, the OMNI token garnered substantial market attention, achieving a high of $55.50 shortly after its launch.
Yet, momentum waned for the bulls, leading to a correction of around 55% in the token's value.
Subsequently, the price has maintained a tight trading range between $23 and $27.
In the 15-minute timeframe, MACD indicates bullish momentum with a rising green histogram.
RSI in the same timeframe hovers near the 67 level, further supporting bullish sentiment.
If market momentum persists, OMNI price may aim to test the $33 resistance level soon.
As per Coin Gabbar analysis, Conversely, a bearish reversal could lead to a price retesting its recent low of $10.00.
KEY LEVELS :
RESISTANCE LEVEL : $30-$42
SUPPORT LEVEL : $20-$10
Disclaimer: Coingabbar's guidance and chart analysis on cryptocurrencies, NFTs, or any other decentralized investments is for informational purposes only. None of it is financial advice. Users are strongly advised to conduct their research, exercise judgment, and be aware of the inherent risks associated with any financial instruments. Coingabbar is not liable for any financial losses. Cryptocurrency and NFT markets could be highly volatile; users should consult financial professionals and assess their risk tolerance before investing.
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