Privacy track breakthrough! Midnight trading volume soars by 68%, stablecoin collaboration is about to be implemented

【Crypto World】The privacy protection sidechain Midnight (NIGHT) in the Cardano ecosystem has recently gained popularity. Trading volume has surged by over 68%, market capitalization has already surpassed $3.53 billion, and the token price has increased by 3.15%, now trading at $0.06866 each.

From a technical perspective, the Relative Strength Index (RSI) has risen to 63.68, approaching the overbought zone. This indicates a significant short-term rally, but there is a risk of a pullback later. Analysts recommend not blindly chasing the high, especially considering that the market fear and greed index is only 27, suggesting market sentiment remains cautious. However, if NIGHT can hold above the key support level of $0.0659, there is still potential for continued upward momentum.

What’s more interesting is the ecological moves behind the scenes. The Midnight Foundation is currently in talks with a leading stablecoin company for a partnership. If this materializes, the application prospects will be further expanded. Founder Charles Hoskinson also explicitly stated that Midnight’s mission is to become a fortress of privacy protection, especially in the context of increasingly tightening centralized digital identity systems in the EU. This positioning makes privacy needs very compelling.