Market Snapshot $NIGHT #BinanceAlphaAlert (Dec 22, 2025)
Current Price: $0.10571, showing a strong recovery of approximately +32.32% in the last 24 hours.
Market Cap: Approximately $1.75 Billion, ranking it as a major player in the privacy-sector tokens.
Holders: There are currently 6,327 on-chain holders, indicating the project is in a relatively early adoption phase for its scale.
Fully Diluted Valuation (FDV): At $2.53 Billion, there is a gap between current market cap and FDV, suggesting future token unlocks or rewards yet to enter circulation.
Technical Observations
Volatile Recovery: The 15-minute chart shows a dramatic "V-shaped" recovery. The price bottomed out near $0.089 before surging back above $0.10.
Bullish Indicators: * Volume: There is a significant spike in buying volume (green bars) coinciding with the price jump.
Stochastic RSI: The value is around 42, suggesting it is in a neutral-to-bullish zone with room to move upward before becoming "overbought."
On-Balance Volume (OBV): The OBV line is trending upward, confirming that the price increase is backed by strong trading volume rather than just a low-liquidity spike.
Project Context
Midnight is a "sidechain" of Cardano designed for regulatory-compliant privacy. It uses a dual-token system:
NIGHT: The governance and utility token you see here. It is used to secure the network.
DUST: A resource generated by holding NIGHT, used to pay for transaction fees without revealing the user's principal holdings.
Note: The token has seen extreme volatility recently (ranging from $0.03 to over $0.18 this month) due to recent exchange listings on platforms like Kraken and Binance Alpha.
