Recently, the cross-chain communication sector has seen a strong rise, with OMNI becoming the market focus, achieving a price increase of up to 207% within 24 hours. This astonishing surge has sparked widespread attention and discussion in the market.

According to the data, the cross-chain sector has performed remarkably well, with HYPER following OMNI, rising by 95.17%. Industry analysts believe that there is a deep logic supporting this wave of increase. With the upgrading wave of modular blockchain, the demand for RaaS (Rollup as a Service) infrastructure has significantly increased. As a leading project in the Ethereum cross-chain settlement layer, OMNI directly benefits from this trend.

It is worth noting that 3 hours before the OMNI price skyrocketed, a whale purchased 320,000 OMNI tokens, amounting to approximately $1.43 million. This move was seen as a market anticipatory action, triggering more investors to follow.

At the same time, the on-chain activity of OMNI has also shown explosive growth. Within 24 hours, the number of transactions on the OMNI chain surged by 430%, and its Gas consumption has jumped into the top five of the Ethereum ecosystem, indicating that the practical application of the project is rapidly expanding.

From a technical perspective, the current price of OMN is $4.55, closely aligned with the Fibonacci 1.618 extension level of $4.60. This key position may become the focus of the bulls and bears battle. It is worth mentioning that despite the significant increase in trading volume, the volume bars remain above 8 times the monthly average, which to some extent confirms the validity of this breakthrough.

On the market, there is a laddered buy order of about 270 ETH (worth about 1.23 million USD) at 4.55 dollars, indicating that the market still has strong confidence in the future trend of OMNI.

However, the market is always full of uncertainty. Will $4.6 become the new support level? Do the bulls have any follow-up actions? Are the bears already poised to act? These questions are worth pondering for investors. In the cryptocurrency market full of opportunities and risks, rational analysis and cautious decision-making are particularly important.