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$NIGHT
NIGHT is trading near 0.0658, pulling back after a sharp expansion that topped around 0.0696. The recent push was driven by aggressive spot demand and short liquidations, but price is now rotating lower as late longs get flushed and liquidity resets.
Price action shows a clear rejection from the highs, followed by a controlled pullback into the 0.0650–0.0655 demand zone. This area lines up with short term moving averages, which explains why selling pressure slowed here. Volume expanded on the sell candles, suggesting profit taking rather than panic exits. Whale activity looks mixed, with distribution near the highs and selective absorption near support.
Liquidation flow shifted from short squeezes to long clean outs, which is healthy after a fast move. Funding has likely cooled from elevated levels, reducing immediate downside risk but also limiting explosive upside for now. Momentum has clearly slowed, and structure has shifted from breakout to consolidation.
Bias Short term neutral to slightly bearish until price reclaims the 0.0675–0.0680 zone. Bulls need a higher low and a strong close back above resistance to regain control.
Key levels Support: 0.0650, then 0.0625 Resistance: 0.0678, then 0.0695
Trade levels TP 1: 0.0678 TP 2: 0.0695 SL: 0.0625
Market outlook If 0.0650 holds, this looks like a healthy cooldown within a broader uptrend. A breakdown below 0.0625 would signal deeper correction.
Market cap At current price levels, NIGHT is trading around an estimated $60M–70M market cap, which explains both the strong upside bursts and the sharp pullbacks.
My take Momentum has cooled but structure is not broken. This is a decision zone, not a chase zone. Do your own research.
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