$NIGHT Close done Target
NIGHTUSDT
Διην.
0.08709
-3.77%
$NIGHT — Bullish Structure Faces Its First Major Correction
{future}(NIGHTUSDT)
On the 4H timeframe, $NIGHT has confirmed a strong bullish market structure after establishing a solid bottom around $0.039. Price then entered a parabolic expansion phase, consistently printing higher highs and higher lows, signaling aggressive capital inflows and strong speculative demand, ultimately reaching a local high at $0.119.
Throughout the rally, buyers maintained full control, supported by a noticeable surge in volume and steep price acceleration. However, as price approached the local top, profit-taking pressure emerged, resulting in long-bodied bearish candles and a pullback toward the $0.100 area.
The current retracement should be viewed as a healthy corrective move following an overheated rally rather than a full trend reversal. To preserve the bullish structure, $NIGHT eds to:
Defend the $0.085–$0.090 support zone
Establish a clear higher low above this region
If successful, price is well-positioned for short-term consolidation followed by a potential retest of the $0.119 resistance, with upside continuation possible. Failure to hold this support may push NIGHT a longer consolidation phase or a deeper pullback toward lower dynamic support levels.
{future}(NIGHTUSDT)
On the 4H timeframe, $NIGHT has confirmed a strong bullish market structure after establishing a solid bottom around $0.039. Price then entered a parabolic expansion phase, consistently printing higher highs and higher lows, signaling aggressive capital inflows and strong speculative demand, ultimately reaching a local high at $0.119.
Throughout the rally, buyers maintained full control, supported by a noticeable surge in volume and steep price acceleration. However, as price approached the local top, profit-taking pressure emerged, resulting in long-bodied bearish candles and a pullback toward the $0.100 area.
The current retracement should be viewed as a healthy corrective move following an overheated rally rather than a full trend reversal. To preserve the bullish structure, $NIGHT eds to:
Defend the $0.085–$0.090 support zone
Establish a clear higher low above this region
If successful, price is well-positioned for short-term consolidation followed by a potential retest of the $0.119 resistance, with upside continuation possible. Failure to hold this support may push NIGHT a longer consolidation phase or a deeper pullback toward lower dynamic support levels.
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