- Omni Network’s price surged 190%, climbing from $1.43 to $5.50.
- The token’s trading volume jumped 5,200% to $749 million, driven by Bitcoin’s breakout to a new all-time high above $118,000.
- Analysts say an altcoin season may be forming, which could push OMNI toward a $10 target next.
Omni Network leapt an astonishing 190% in a single day as the broader cryptocurrency market experienced a seismic shift, with Bitcoin breaking through $118,000 to reach another record high.
Bitcoin’s gains lifted the global crypto market capitalization by 6.2% to over $3.68 trillion.
At the same time, the explosive rally in cryptocurrencies triggered approximately $1.2 billion in liquidations.
As OMNI rallied, speculation grew about a returning altcoin season, with the token continuing its ascent after touching an intraday high of $5.40 earlier in the day.
OMNI Explodes, Price Nearly Doubles
Omni Network is a Layer-1 blockchain focused on interoperability that captured market attention after a dramatic 190% gain over 24 hours.
The token climbed from a low of $1.43 to an intraday peak of $5.40, reflecting heavy buying pressure.
Notably, the altcoin’s trading volume exploded by 5,200%, topping $749 million as investors poured into the token amid the wider market rally.
Growing recognition of Omni Network’s role in the decentralized finance ecosystem helped fuel the bulls.
Altcoin Season?
The broader crypto market continued its rally alongside Bitcoin, pushing total market capitalization to $3.68 trillion—a 6.2% increase in 24 hours.
Altcoins posted strong gains, led by projects like Sei and Ethena, each up about 20%, while Cardano rose roughly 11%.
These moves suggest capital rotation within the ecosystem, stoking speculation that a broader altcoin season may be underway.
Arthur Hayes, former CEO of BitMEX, commented that the market appears to be on the verge of an altcoin cycle, citing strong Bitcoin volume and geopolitical developments as contributing factors.
The upward momentum is supported by continued institutional inflows, a reduced supply as investors withdraw Bitcoin from exchanges, and growing interest in alternative tokens.
As Bitcoin approaches $120,000, major tokens such as Ethereum, XRP and Solana are also showing signs of accelerating upwards.
Projects like Omni Network could benefit from renewed interest in altcoins as sentiment across the industry improves.
Omni Network Price Outlook
Although the token remains well below its all-time high of $29.93, it has risen more than 230% since hitting a low of $1.37 on July 6, 2025.
From a technical perspective, the daily RSI sits around 84, indicating OMNI is strongly overbought and suggesting the potential for profit-taking—a risk given recent gains across the market.
However, the MACD histogram is rising, implying bulls may still have room to push prices higher.
If buying pressure persists in the coming months, OMNI could target $10 as the next notable milestone.