<ul data-eligibleForWebStory="false"><li>Omni Network's OMNI token price surged 164% in a single day, reaching $5.40 before settling around $4.06, triggered by $3.8 million in short liquidations.</li><li>Despite negative funding rates, open interest for OMNI rose over 300%, indicating a highly leveraged environment amidst broader altcoin momentum driven by Ethereum Layer-2 interest.</li><li>Technical analysis shows an overbought RSI and Bollinger Band breakout, suggesting potential volatility ahead. Potential near-term price targets include a low of $2.80, an average price of $3.60, and a potential high of $6.</li><li>Given the recent surge, traders should exercise caution as OMNI may face short-term cooling based on RSI divergence and deviation from the Bollinger mean. If the broader altcoin market remains bullish, OMNI could consolidate above $3.00 before further movement.</li></ul>

Omni Network Price Skyrockets 164%, Should You Buy Now?

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