Omni Network skyrockets 180% as Bitcoin hits $118K: is $10 next?

• Omni Network’s price soared 190% from $1.43 to $5.50.
• The token’s trading volume spiked 5,200% to $749 million, driven by Bitcoin’s breakout to a new all-time high above $118,000.
• Analysts say the altcoin season is looming, which could see the OMNI price eye $10 next.

Omni Network surged a staggering 190% in a single day as the cryptocurrency market experienced a seismic shift, with Bitcoin smashing through $118,000 for another record high.

Bitcoin’s gains saw the global crypto market capitalisation climb 6.2% to over $3.68 trillion.

Meanwhile, an explosive rally across crypto saw $1.2 billion in liquidations.

As OMNI eyes gain, there’s speculation of an impending altcoin season, and price may add on the surge to $5.40 seen earlier in the day.

OMNI explodes, price nearly doubles

Omni Network is a layer-1 blockchain focused on interoperability and has captured market attention with a staggering 190% price surge in the past 24 hours.

The token skyrocketed from a low of $1.43 to an intraday high of $5.40, reflecting intense buying pressure.

Notably, the altcoin’s trading volume exploded by 5,200%, reaching over $749 million.

This came as investors piled into the token amid the broader market rally.

Omni Network’s growing relevance in the decentralized finance ecosystem helped bulls.

Altcoin season?

The broader crypto market continued its rally alongside Bitcoin, with total market capitalisation climbing to $3.68 trillion—a 6.2% increase over the past 24 hours.

Altcoins posted strong gains, led by Sei and Ethena, each up 20%, and Cardano, which rose 11%.

The moves suggest a rotation of capital within the ecosystem, fueling speculation that a broader altcoin season may be underway.

Arthur Hayes, former CEO of BitMEX, said the market appears to be on the verge of an altcoin cycle.

He cited Bitcoin’s rise on strong volume and referenced geopolitical developments, including Trump’s stance on tariffs, as contributing factors.

The bullish momentum is being supported by continued institutional inflows, reduced supply as investors move Bitcoin off exchanges, and growing interest in altcoins.

As Bitcoin approaches the $120,000 mark, other major tokens like Ethereum, XRP, and Solana are also showing signs of accelerating upward.

Projects such as Omni Network could also benefit from renewed altcoin interest as sentiment across the sector improves.

Omni Network price prediction

While the token remains well off its all-time high of $29.93, it’s up more than 230% since touching its all-time low of $1.37 reached on July 6, 2025.

From a technical point of view, the RSI on the daily chart sits at 84, suggesting the OMNI token is deeply overbought.

In this case, there’s potential for profit-taking, a risk that has cut across the market given recent gains.

However, the MACD suggests bulls still have room for growth with the histogram rising.

If buying pressure holds in the coming months, the OMNI price could target $10 next.