Omni Network (OMNI) is turning heads in the crypto market, showing one of the strongest performances today despite the absence of any major news. With the price breaking through key resistance levels and momentum indicators flashing bullish signals, investors are asking: how high can OMNI go?

Strong Rebound from Long-Term Downtrend

Since its initial launch, OMNI has followed a clear five-wave downward trend inside a descending parallel channel. That pattern came to an end in July, marked by a powerful bullish candlestick that pushed the price all the way to the top of the channel.

Although the first attempt to break out failed, OMNI finally succeeded on July 27, closing above the resistance level. This move was a strong technical signal that the downtrend had ended and a new upward phase had begun.

This week, the price has come back to test the old resistance as support, a classic and healthy technical setup known as a “support retest.” The validation of this level suggests that OMNI is now preparing for the next leg up in its recovery.

Bullish Momentum Signals Support Higher Prices

Technical indicators further support the bullish case for OMNI. The Relative Strength Index (RSI) and the Moving Average Convergence/Divergence (MACD) both showed bullish divergences before the recent surge. These signals often indicate that selling pressure is weakening and a trend reversal is in play.

OMNI/USDT 3-Day Chart | Credit: Valdrin Tahiri/TradingView

Currently, OMNI is believed to be in wave A of an A-B-C corrective structure. According to this pattern, the price is expected to rise once more to complete wave A before entering a short-term correction (wave B), followed by another upward move (wave C).

The main resistance area to watch is the $10 mark, not only a psychological barrier but also where technical confluence exists from the longer-term chart structure.

Short-Term Chart Confirms Breakout Potential

Looking at the six-hour chart, OMNI has been moving within a smaller ascending parallel channel since early July. After a brief retracement mid-month, the price began climbing again this week.

OMNI/USDT Six-Hour Chart | Credit: Valdrin Tahiri/TradingView

OMNI recently broke above a descending trendline, and as of today, it is attempting to breach a key horizontal resistance around $4.80. A successful breakout above this level would open the door to a rapid move towards the top of the ascending channel, which again aligns with the $10 price target.

What’s Fueling OMNI’s Rise?

Interestingly, OMNI’s latest surge appears to be driven mostly by technical factors rather than news events or announcements. Breakouts from long-standing patterns, bullish indicator divergences, and key resistance flips are often enough to attract traders and automated systems.

In the absence of negative catalysts and with momentum on its side, OMNI seems positioned for further gains.

$10 in Sight?

With the current bullish setup and the strong technical signals backing the move, OMNI could very well climb to $10 in the near term. The $4.80 level remains the key resistance in the short term, once cleared, the path to $10 may be swift.

However, traders should also remain cautious. After wave A completes, a corrective wave B may pull prices back temporarily before another push higher.