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The Omni Network price plunged 42% in the last 24 hours to trade at $24.60 as of 03:09 a.m. EST on a trading volume that soared to $607 million.

This comes after the platform airdropped its test net users and some NFT holders with an airdrop worth $36.2 million and despite OMNI being listed on several exchanges, including Binance, ByBit, and Bitget.

Omni Network is a blockchain platform that aims to integrate Ethereum rollups, and with the restaking boom in DeFii protocols holders expect the price to skyrocket.

Omni Network Price Set For Price Recovery

Omni Network Price Chart Analysis Source: Tradingview.com
OMNIUSD Chart Analysis Source: Tradingview.com

After its launch, the Omni Network price began trading at $53.81 before crashing to the current price at $24.60. This is similar to notable projects, like Wormhole and Jupiter, which experienced a significant drop after $850 million and $700 million airdrop, respectively.

The Omni Network price has been on a downtrend, dropping within the confines of a falling wedge pattern to support around $22.88. OMNI bulls aim to use this support to propel the price, with the Omni Network price already trading within the upper boundary of the wedge.

Additionally, OMNI is trading below the 50-day Simple Moving Average (SMA), supporting the current price downtrend.

The Relative Strength Index (RSI) is moving from the 30-oversold level towards the 50-midline level at 44, showing intense buying pressure. If the bulls stage a trend reversal over the $22.88 support level, the RSI will pump over the 70-overbought region, indicating continued investor optimism.

Omni Network Price Prediction

The Omni Network price analysis on a 15-minute chart indicates that OMNI is currently on a downward trend but has the potential to surge over the $22.88 support as the bulls aim for $36.

However, in an inverse scenario, the bears could push the price down to the next support levels at $22.26 and 20.5.

Meanwhile, as the OMNI bulls look for optimal positions to enter the market, other investors are buying into the newly-launched Mega Dice ICO.

Mega Dice Blasts Past $356K In Crypto Presale 

The Mega Dice platform has been a sensation as a popular crypto-oriented online casino and betting platform since its launch in 2023. Through the launch of the Mega Dice (DICE) crypto ICO, the team behind the platform is looking to extend its offerings.

Mega Dice is set to be the first GameFi project on the Solana blockchain, providing the ultimate casino token experience. And while at it, the projects aims to outdo sector giant Rollbit, and TG.Casino, which pumped 4X after listing. 

In the first day after its launch, the project has already garnered more than $356k, with the presale soft cap minimum target set at $5 million.

The $DICE token will act as the utility token within the Mega Dice ecosystemBy participating in the project, you have an opportunity to earn rewards paid in the crypto token.

You will also gain access to 4,000 plus exclusive games and connect with 50,000 plus players on the platform.

By participating, you also gain access to $2.25 million airdrop split across three seasons with an equal allocation of $750,000 each. You also get an opportunity to earn early bird bonuses and limited edition NFTs.

When you refer a friend, you get a 10% cut of your referral’s investment.

You can also stake $DICE and earn a portion of the 10% staking rewards.

According to 99Bitcoins, a YouTube channel with over 700,000 subscribers, $DICE has the potential to soar 100X after launch.

To participate in the presale, you can buy $DICE on the official website here for $0.069 using BNB, ETH, or SOL. 

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