Midnight has seen a steady rise and continued strong buying pressure despite some selling. NIGHT is trading near its recent peak levels and approaching its all-time high.
Even though some investors are showing caution, the price indicates that buyers are still in control of the trend.
Midnight still has the upper hand
New figures from the blockchain show that the 100 largest NIGHT holders have reduced their holdings. Over the past seven days, they sold 14.5%. The amount of NIGHT decreased from 236 million to 202 million. This reduction suggests that they are taking profits in a planned manner, not because they are panicking.
The largest owners likely believed that prices had reached a peak after the strong rise. Many early investors sell when prices are high to take profits. But even though they have sold, this has not affected the price much as there are enough buyers.
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Larger market signals continue to support Midnight's positive price trend. The ratio of buys to sells shows that buyers account for 52% of the trading. This means that demand is still stronger than supply, even though some are taking profits.
That buyers dominate shows that many believe in Midnight in the long term. Many purchases usually keep the trend going. As long as there are more buyers than sellers, NIGHT can manage to reach new heights without signs of weakness in the trend.
NIGHT is currently trading at 0.095 USD, just below the critical level of 0.100 USD. This resistance has prevented the price from rising further. If the price goes above that, Midnight could quickly rise towards its previous high near 0.120 USD.
The price would then need to increase by 25.7%. Since demand is high and buyers are strong, it is possible to reach that target. If the strong trend continues, NIGHT could approach that goal in early 2026, as many continue to buy.
But the risk exists that the price may fall if more begin to sell. If more sell, NIGHT could drop towards the support at 0.075 USD. If the price goes below that level, the positive trend will break, and sellers may take over again.