OMNI Price Surges After Upbit Listing, Potential for 120% Upside Predicted
• OMNI experienced a significant surge of 170% on July 29 following its listing on the South Korean exchange Upbit, with trading volume spiking over 2,100% to $904 million.
• The Upbit listing provided substantial exposure to Korean retail investors, increasing investor interest and trading activity, with Upbit accounting for the majority of OMNI's trading volume.
• A breakout from a falling wedge pattern suggests a potential 120% upside, with the next major target at $10.70, although the RSI indicates the possibility of a short-term cooldown.
• Technical indicators support the bullish outlook, but with the RSI above 70, a short pullback shouldn't be ruled out, especially as momentum cools and profit-taking sets in.