$NIGHT Faces Resistance After Brief Rally 🐻
If $NIGHT fails to break above the resistance at 0.0408, it may head towards the support at 0.0287, given the bearish trend and the fact that the SMA7 is below the SMA25
Technical check:
✅ Close price above SMA7 and SMA25, but ✅ 10-bar trend is bearish and ✅ last candle is bearish
⚠️ A break above the resistance at 0.0408 would invalidate the short thesis and potentially lead to a higher price…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis
If $NIGHT fails to break above the resistance at 0.0408, it may head towards the support at 0.0287, given the bearish trend and the fact that the SMA7 is below the SMA25
Technical check:
✅ Close price above SMA7 and SMA25, but ✅ 10-bar trend is bearish and ✅ last candle is bearish
⚠️ A break above the resistance at 0.0408 would invalidate the short thesis and potentially lead to a higher price…
#MarketAnalysis #CryptoInsights #TechnicalAnalysis