Midnight (NIGHT) rallies — $0.13 target if $0.10 flips to support

Published: 2025-12-30 21:32:00 |

Midnight (NIGHT) has rebounded after a deep December retracement, rising about 18% over the past week and ~2.5% in 24 hours as renewed buying and social attention supported price action. The token fell from roughly $0.120 to $0.0718 (≈40% drop) then recovered ~34%, flipping $0.083 from resistance into support. Technicals on the 4‑hour chart show a bullish structure break and Fibonacci extensions put a near‑term upside target at $0.134 — contingent on reclaiming $0.10 as support. On‑chain and market signals are mixed: CoinGecko trending status and endorsements from Cardano figures (notably Charles Hoskinson) have bolstered sentiment, but trading volume has weakened and Chaikin Money Flow (CMF) shows only modest inflows, indicating fragile demand. Clusters of leveraged long liquidations sit near $0.088–$0.09, so brief pullbacks to that range could present lower‑risk accumulation opportunities but also risk cascade selloffs. A Bitcoin pullback would likely undermine momentum. Key trading takeaways: watch $0.083 (support), $0.10 (critical flip level), volume/CMF for conviction, and nearby liquidation clusters for entry and risk management.

Bullish

The combined reporting points to a bullish bias for NIGHT, conditional on specific technical and market confirmations. Positives: a substantial recovery from the $0.0718 low, a flip of $0.083 to support, H4 structure break, bullish Fibonacci extension projecting a near‑term target around $0.134, and heightened social/trending interest including endorsements from Cardano figures. Negatives/risks: weak trading volume, low CMF (modest net inflows), and clustered leveraged long liquidations at $0.088–$0.09 that could magnify pullbacks. Systemic risk from a Bitcoin pullback would also sap momentum. Short term: price is likely to remain volatile but biased higher if $0.10 is reclaimed and volume/CMF confirm strength; failure to hold $0.083 or a BTC drop would produce deeper retracements and potential long liquidations. Long term: sustained upside requires improving volume and on‑chain demand beyond social headlines. Traders should treat the outlook as conditional bullish — trade with tight risk controls, use $0.083 and $0.10 as structural reference points, and monitor liquidation clusters and BTC action.