📈$NIGHT Technical Analysis (Midnight Network)
$NIGHT dumped -7.58% to $0.04900 after hitting 24h high of $0.05395. Chart shows strong bearish pressure: price broke below MA(7) $0.04909 & MA(25) $0.04889, with MA(99) $0.05012 acting as resistance overhead. Candles formed lower highs/lows since peak, volume declining (2.14M recent bar) signals weakening momentum.
It is a Privacy-focused gem by Cardano's Hoskinson w/ ZK proofs & dual NIGHT/DUST system still holds potential long-term, but short-term bears dominate, watch $0.04813 support.
Bounce or breakdown next? DYOR, high vol (2.53B NIGHT) means volatility ahead!
DYOR NFA Trade Smart 📈📉🔥