OMNI Price Surges 200% After Upbit Listing Driven by Staking Incentives and Low Supply

OMNI, the native token of Omni Network, experienced a dramatic price surge exceeding 200% following its listing on Upbit, South Korea’s largest cryptocurrency exchange, on July 29, 2025. The token’s price climbed from intraday lows of $2.50 to a peak of $7.82 within a short period, triggering a surge in trading volume that surpassed $900 million in just 24 hours [1]. As of the latest data, OMNI traded near $4.52, still reflecting a 79% increase within the same timeframe.

The rapid price movement was fueled by a combination of factors, including increased retail demand from Upbit’s large user base, Binance Wallet’s 11% APY staking incentive, and a relatively low supply of circulating tokens, which heightened scarcity and investor interest [1]. Prominent trader Michaël van de Poppe (@CryptoMichNL) noted that OMNI significantly boosted his altcoin portfolio, growing from $35,000 to $60,000 through timely trades and strategic exposure [1].

Beyond speculative momentum, OMNI’s utility has been reinforced by integrations with platforms such as Aarna AI and PaintSwap, expanding its use cases in decentralized finance (DeFi) and crypto payroll solutions [1]. These developments provide a foundation for sustained interest if the project continues to evolve.

Technically, OMNI has broken out of a descending parallel channel earlier in July, with RSI above 76 and MACD remaining bullish, indicating strong upward momentum [2]. Analysts have identified $4.36 as a crucial support level. A successful defense above this threshold is essential for the token to maintain its rally. On the upside, the token faces immediate resistance near $5.98, with potential further gains possible at $6.94 and $8.19, though traders are advised to exercise caution given the current overbought conditions [2].

Some analysts have suggested that OMNI is in the early stages of an A-B-C corrective wave pattern. If this trend continues, the token could see a push toward $10, and eventually reach $24–$29 under a full completion of the pattern [2]. However, a breakdown below $4.36 could lead to a decline toward $2.78, which previously acted as a support during consolidation.

While the rally has demonstrated the potential for explosive returns driven by listings, staking incentives, and real-world use cases, it also serves as a reminder of the risks associated with speculative altcoins. Traders are encouraged to monitor volume spikes, on-chain activity, and BTC dominance shifts to identify similar opportunities in the future [1].

Source:

[1] OMNI Price Skyrockets 200% After Upbit Listing: Is Another Rally Still Ahead? (https://www.newsbtc.com/news/omni-price-skyrockets-200-after-upbit-listing-is-another-rally-still-ahead/)

[2] Omni Network Price Forecast as OMNI Debuts on Upbit (https://www.bitcoininsider.org/article/280811/omni-network-price-forecast-omni-debuts-upbit)