Omni Network Surges 72% as MACD Signals Growing Investor Confidence

Omni Network (OMNI) has surged 72% in the past week, outperforming the broader cryptocurrency market, which fell by 5% during the same period [1]. The bullish momentum is supported by a strong Moving Average Convergence Divergence (MACD) setup, where the MACD line remains above the signal line, signaling growing investor confidence [1]. Analysts suggest that if buying pressure continues, OMNI could break above the $4.60 resistance level, a key milestone for the token [1].

Alongside OMNI, Story (IP) and Zebec Network (ZBCN) are also showing significant gains of 24% and 30%, respectively [1]. Story is currently trading within an ascending parallel channel, a bullish pattern indicating higher highs and higher lows. If the token holds its current support line, it could target a short-term price of $6.46. However, a breakdown below this level could invalidate the bullish outlook and push the price lower [1].

Zebec Network is benefitting from rising institutional interest, as indicated by its Smart Money Index (SMI) reaching 1, a level that reflects increased buying activity from experienced investors [1]. This surge in institutional demand has driven ZBCN’s price to nearly $0.0053. A continuation of this trend could see the token break through this resistance level. Conversely, a flattening or decline in the SMI could signal a shift in market sentiment and a potential drop to $0.0047 [1].

The strong performance of these made-in-USA altcoins highlights the resilience of certain tokens despite a broader market cooldown. Technical indicators such as MACD crossovers, ascending channels, and rising SMI values are providing confidence to investors. Institutional buying, as captured by the SMI, plays a critical role in influencing price movements, particularly for tokens like Zebec Network [1].

Analysts note that while these altcoins are showing strength, they remain subject to market volatility. Close monitoring of key resistance and support levels is essential for traders looking to capitalize on the current momentum. The continued rise in institutional activity suggests that these tokens may continue to outperform in the coming weeks [1].

[1] Source: [1]Omni Network (OMNI) Shows Potential for Price Break Above $4.60 Amid Market Uncertainty (https://en.coinotag.com/omni-network-omni-shows-potential-for-price-break-above-4-60-amid-market-uncertainty/)