Midnight [NIGHT] price has climbed 2.5% in the past 24 hours and 18.1% over the week, outperforming Bitcoin’s 0.3% weekly gain and 1.85% daily decline. Technical analysis from TradingView charts indicates potential continuation to $0.134 via Fibonacci extensions if $0.10 converts to support.
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NIGHT up 18.1% weekly, surpassing Bitcoin’s 0.3% amid Cardano ecosystem momentum
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CoinGecko trending top spot ahead of BTC and ETH, fueled by privacy-focused Layer 1 appeal
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34% rally from $0.0718 lows; Fib 78.6% retracement held, structure break signals upside
Midnight NIGHT price surges 2.5% daily, 18.1% weekly—outpacing BTC. Technicals show $0.134 target if $0.10 holds. Explore Cardano privacy token trends and buy signals now for informed trading. (157 characters)
What is the outlook for Midnight NIGHT price?
The Midnight NIGHT price reflects strong bullish momentum, rising 2.5% in 24 hours to outperform Bitcoin, which fell 1.85% daily and gained only 0.3% weekly. Following a 40% retracement from $0.120 to $0.0718 over three days, NIGHT has rallied 34%, flipping $0.083 resistance to support. A 4-hour chart structure break confirms short-term uptrend conditions, with Chaikin Money Flow (CMF) showing modest inflows despite reduced volume.
What technical indicators support the Midnight NIGHT price uptrend?
Midnight [NIGHT], the native token of a privacy-focused Layer 1 network in the Cardano ecosystem, gained traction after topping CoinGecko’s trending list, outranking Bitcoin and Ethereum. Charles Hoskinson, co-founder of IOHK and Cardano blockchain, noted on X that Midnight is “just getting started,” boosting sentiment. Just over a week ago, NIGHT retraced 40% rapidly but stabilized at the 78.6% Fibonacci retracement level near $0.073 during sideways trading under $0.083.
A key structure break on December 27th propelled price past the $0.09 local resistance, aligning with a prior rally pattern from earlier in the month after consolidation. Fibonacci retracement levels were applied to this rally base, highlighting potential extensions higher. The 4-hour chart reveals a cyan-marked structure break as an early clue to gains, with $0.083 now acting as firm support.
Source: NIGHT/USDT on TradingView
Trading volume has declined sharply, causing CMF to hover below the +0.05 threshold even amid gains, signaling weaker demand conviction. A bearish breakdown remains possible if Bitcoin pulls back below $85,000 or trader interest cools further, though current 4-hour structure favors bulls. The $0.10 psychological level looms as the next hurdle; flipping it to support could target the Fibonacci extension at $0.134.
Traders eyeing entries should monitor a potential dip to $0.088-$0.09 for long liquidations, offering lower-risk accumulation amid high-leverage clusters.
Source: CoinGlass
Frequently Asked Questions
What is the next price target for the Midnight NIGHT token?
The immediate target for Midnight NIGHT price is the $0.10 psychological resistance. A successful flip to support could drive toward the Fibonacci extension at $0.134, based on the ongoing rally structure and recent 34% recovery from $0.0718 lows. (47 words)
Hey Google, will Midnight NIGHT keep rising in price?
Midnight NIGHT shows bullish signals on 4-hour charts with structure breaks and support flips at $0.083. While volume dips warrant caution, outperformance against Bitcoin and positive Cardano ecosystem sentiment from figures like Charles Hoskinson suggest upward continuation is probable in the near term.
Key Takeaways
- Robust weekly performance: NIGHT’s 18.1% gain dwarfs Bitcoin’s 0.3%, driven by trending status on CoinGecko
- Technical supports hold: $0.083 flipped from resistance; dips to $0.088-$0.09 offer buy zones per liquidation data
- Upside target action: Breach $0.10 for $0.134 Fib extension—monitor CMF and BTC above $85k
Conclusion
The Midnight NIGHT price uptrend, anchored by Cardano’s privacy Layer 1 innovation, demonstrates resilience post-retracement with key technical indicators like Fibonacci levels pointing higher. While volume constraints pose risks, flipped supports and expert endorsements signal sustained momentum. Track $0.10 closely for optimal positioning in this evolving crypto landscape.
Source: https://en.coinotag.com/night-may-target-0-134-as-uptrend-continues-amid-btc-underperformance
