$NIGHT (Last Price: $0.040266 | 24h Chg: -91.08%)
Market Overview
Massive Volatility: The immediate and crucial observation is the -91.08% drop. This indicates a severe market event: a potential project crash, a major whale dump, a contract exploit, or market panic. The trading volume ($37.71M) is high relative to the price.
Trend: Extremely bearish. This is a dead cat bounce scenario (DCM) until proven otherwise.
Key Levels & Next Move
Current Price: $0.040266
Key Support: No reliable nearby support can be confirmed after a drop this severe. The level around $0.04 is psychological, but likely weak.
Key Resistance: The previous day's low/open, likely near the 0.40 to 0.45 range, is now the ultimate resistance.
Next Move: Expect extreme volatility and sideways chopping near the current low before a potential slow bleed or a minor technical bounce.
Trade Targets (High-Risk Bounce Play ONLY)
Scenario: Extreme high-risk, quick scalp attempt betting on a short-term price correction (rebound).
Entry: Aggressive buy-the-dip near $0.0300 - $0.0400 (ONLY for a very small fraction of capital).
TG1: 0.0650 (Quick scalp target)
TG2: 0.0800 (Stronger psychological recovery)
TG3: 0.1000 (Re-establishing a 2.5x from current price)
Short & Mid-Term Insights
Short-Term: Avoid. The asset is in price discovery downwards. Wait for multi-day consolidation or significant official news.
Mid-Term: Extremely Risky. The project integrity is severely compromised by this move. It may never recover.
