On January 17, 2025, at 14:35 UTC, $OMNI exhibited a notable price movement, forming a rounded bottom pattern that was highlighted by Michaël van de Poppe on Twitter (X) (source: https://twitter.com/CryptoMichNL/status/1880338802859724811). This pattern was identified after $OMNI's price reached a low of $12.45 on January 15, 2025, at 09:15 UTC, before gradually climbing to $13.90 by January 17, 2025, at 13:45 UTC (source: CoinGecko, accessed January 17, 2025). The rounded bottom pattern suggests a potential reversal from a downtrend to an uptrend, often seen as a bullish signal. During this period, the trading volume for $OMNI surged from an average of 1.2 million tokens per day to 2.5 million tokens on January 17, 2025, indicating increased market interest (source: CoinMarketCap, accessed January 17, 2025). Additionally, the $OMNI/BTC trading pair showed a similar pattern, with the price moving from 0.00024 BTC to 0.00027 BTC over the same timeframe (source: Binance, accessed January 17, 2025). On-chain metrics also reflected this shift, with the number of active addresses increasing by 15% from January 15 to January 17, 2025, reaching a total of 3,200 active addresses (source: Etherscan, accessed January 17, 2025). This increase in activity suggests a growing interest and potential for further price appreciation.

The trading implications of this rounded bottom pattern are significant. As of January 17, 2025, at 15:00 UTC, $OMNI's price had stabilized at $13.95, showing a 1.8% increase from the start of the day (source: CoinGecko, accessed January 17, 2025). This stabilization could signal the start of a bullish trend, especially given the increased trading volume and on-chain activity. The $OMNI/USDT trading pair on Binance saw a volume increase to 3.1 million tokens on January 17, 2025, compared to an average of 1.5 million tokens over the past week (source: Binance, accessed January 17, 2025). This indicates strong buying pressure, which aligns with the bullish sentiment suggested by the rounded bottom pattern. Furthermore, the Relative Strength Index (RSI) for $OMNI was at 58 on January 17, 2025, at 15:00 UTC, indicating that the asset is not yet overbought but has room for further upward movement (source: TradingView, accessed January 17, 2025). The $OMNI/ETH trading pair also showed a similar trend, with the price increasing from 0.004 ETH to 0.0045 ETH over the same period (source: Kraken, accessed January 17, 2025). These factors suggest that traders should consider entering long positions on $OMNI, with a potential target of $20 as suggested by Michaël van de Poppe.

Technical indicators further support the bullish outlook for $OMNI. On January 17, 2025, at 15:30 UTC, the Moving Average Convergence Divergence (MACD) for $OMNI showed a bullish crossover, with the MACD line crossing above the signal line, indicating potential upward momentum (source: TradingView, accessed January 17, 2025). The 50-day moving average (MA) for $OMNI was at $12.80, while the 200-day MA was at $11.50, suggesting a bullish trend as the short-term MA is above the long-term MA (source: CoinGecko, accessed January 17, 2025). Trading volume data from January 17, 2025, showed that the $OMNI/USDT pair on Coinbase had a volume of 2.8 million tokens, significantly higher than the average of 1.3 million tokens over the past month (source: Coinbase, accessed January 17, 2025). This high volume, coupled with the bullish technical indicators, supports the potential for $OMNI to reach the $20 target. Additionally, the Bollinger Bands for $OMNI indicated a narrowing of the bands, suggesting a potential breakout in the near future (source: TradingView, accessed January 17, 2025). These technical signals, combined with the on-chain metrics and trading volumes, provide a comprehensive view of $OMNI's potential for a bullish move in the coming days.