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OMNI Token Rallies on Upbit Listing as Breakout Confirms Bullish Momentum

The KRW debut on Upbit drove a record intraday gain and volume with indicators now pointing to a potential near-term cooldown.

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Overview

  • Upbit listed the OMNI/KRW pair at 18:30 KST on July 29 under fair-launch controls that limited early buy and sell orders and required limit-only trades.
  • OMNI’s price spiked between 90% and 170%, trading in a range of $4.84 to $6.39 and pushing its market cap toward $200 million.
  • Daily trading volume jumped over 2,100% to $904 million, with Upbit accounting for about $290 million of the total.
  • A breakout from a falling wedge pattern alongside bullish MACD and moving-average crossovers supports further upside toward $10.70.
  • RSI readings above 70 indicate overbought conditions that could trigger a short-term pullback before any sustained advance.