NIGHT (Midnight Network) current price $0.0802, FDV $1.924 billion, is a privacy Layer 1 blockchain token in the Cardano/BNB Chain ecosystem. Total supply 24 billion, circulating supply 16.607 billion (69.2%), market cap $1.329 billion. This token will be intensively launched on major exchanges such as Binance, Bybit, OKX, and Bitget for spot and perpetual contracts on December 9-10, 2025, with a 24-hour trading volume of up to $3.455 billion, extremely high liquidity, fully supporting 3-10x leverage operations.
Trading strategy
Entry: $0.078-0.080 (pullback to small support or near 1-hour EMA20, optimizing risk-reward ratio).
Target: $0.083 (an increase of +3.75% to +6.4%, short liquidation trigger zone, which may lead to accelerated upward movement).
Stop-loss: $0.076 (a drop of -4% to -5%, crucial long liquidation support below, effective break must exit).
Leverage: 5-7 times (5 times for stable balance, 7 times for high returns, considering volatility and negative funding rate advantages).
Holding time: ≤48 hours, quick market conditions suggest exiting within 24 hours.
Risk-reward ratio: Based on a median entry of $0.079, R:R = |$0.083-$0.079| / |$0.076-$0.079| = $0.004 / $0.003 = 1.33 (generally good); at a low entry of $0.078, R:R rises to 2.50 (excellent).
✅ Gradual position building: the first batch of 30% position at $0.080 to enter immediately, add 40% on a pullback to $0.078, and the last 30% at the extreme $0.076 for re-entry, with average cost controlled below $0.079.
⚠️ Gradual profit taking: 50% of the position at $0.082 for quick profit locking, the remaining 50% looking for $0.083 to trigger a short squeeze, if it breaks quickly, it can be held until $0.085.
⚠️ Strict stop-loss: if $0.076 is broken, immediately close all positions, do not resist the trend, RSI overbought correction risk needs to be heeded.
Technical analysis - strong resonance across multiple periods.
The price at the 1-hour level of $0.0805 is above all key moving averages (EMA20 $0.0743, EMA50 $0.0699, EMA200 $0.0644), forming a perfect bullish arrangement. The RSI is as high as 73-78, in the overbought area, indicating strong buying momentum; however, in a strong trend, overbought can become more overbought. The MACD histogram at +0.00049 is continuously expanding, with the fast line crossing above the slow line forming a golden cross, and momentum accelerating upwards. The price breaks through the upper Bollinger Band at $0.0828, entering a state of explosive upward movement.
The 4-hour level also shows a strong structure, with price breaking through the upper Bollinger Band at $0.0784. The ADX reaching 38 indicates a continuation of a moderately strong trend. The OBV indicator reaches 14.7 billion on the 4-hour chart and 30.8 billion on the daily chart, with continuous capital inflow verifying the authenticity of the upward movement. The Supertrend indicator gives a 'buy' suggestion across multiple periods, with 90% of technical indicators indicating bullishness.
Key support levels: $0.0780 (small liquidation cluster), $0.0760 (long liquidation of $163k, totaling $950k), 1-hour EMA20 at $0.0743. Key resistance levels: 1-hour upper Bollinger Band at $0.0828, $0.0830 (short liquidation of $92k, totaling $2.10M).
Derivatives market - short squeeze engine gaining momentum.
Total holding amount is $94.4M, with a surge of +11.35% in 4 hours, and +5% in 1 hour, as new funds continue to flow in to establish leveraged long positions. The funding rate shows extreme differentiation: Binance at -0.113% is extremely negative, meaning shorts pay high fees to longs every 8 hours; OKX at -0.050% is also negative; only Bybit is mildly positive at +0.001%. Negative funding rates are a clear signal of excessive bearishness in the market, which can easily trigger panic liquidation of shorts when prices rise.
In the past 24 hours, liquidation data shows that short liquidations of $1.10M account for 78%, far exceeding long liquidations of $0.31M, and a large amount of short leverage positions have been washed out. The liquidation heat map shows an asymmetric risk structure: cumulative long liquidations are dense below $0.076 (which could trigger a cascade), but above $0.083, short liquidations are more concentrated, accumulating over $2.10M. Once breached, it will trigger a chain liquidation, providing strong momentum for going long.
On-chain data - lack of concentration risk.
Since NIGHT is a newly launched token (launched in December), on-chain data tools do not currently support detailed holder analysis. The Aptos browser shows a total supply of 3 billion tokens (which does not match market data of 24 billion, possibly due to cross-chain version differences), with 622 million in circulation. There is no clear concentration data for the top 10 holders, but there have been no large whale transfers in the last 48 hours (threshold > 3 million tokens), indicating that short-term selling pressure is controllable. There are no upcoming supply unlock events (IEO and seed round lock-up periods have not been disclosed, speculated to be locked for at least 6-12 months).
