NIGHT/USDT UPDATE 📉
Technical analysis + derivative data confirm dominant bearish pressure.
🔍 Key facts:
· Price down -15.26% (30 days), despite a pump of +7.9% yesterday.
· CVD (Cumulative Volume Delta) significantly negative (-318.5M → -21.2M), indicating strong selling pressure.
· Funding rate remains positive (0.0048%), but OI dropped from 339M to 180M — long liquidation occurred.
· Daily trend still below key EMA (0.071).
📰 News sentiment:
· SEC regulation (Jan 19) pressures privacy assets.
· Coinbase listing NIGHT-PERP (Jan 15) already priced in, limited effect.
· Traders exited as price dropped 10% (Jan 16) — confirming bearish.
🎯 Main strategy:
✅ SHORT in the range of 0.065–0.067 (rejection confirmation).
Target: 0.057 → 0.050
Stop: 0.069
⚠️ Long only for scalping if it breaks 0.068 with high volume (high risk).
⏳ Estimate: 1–3 weeks bearish before potential reversal.
In summary: Sell the rally until the structure changes.
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