$NIGHT /USDT — Signs of Stabilization After Sharp Dip
Price: $0.07856 | Intraday Move: +1.2% | High/Low: $0.0800 / $0.0758
After a notable correction, $NIGHT is finding firm support near the $0.0785 level, showing early signs of stabilization. The price is consolidating in this zone, suggesting possible accumulation as buyers cautiously re-enter the market. Volume has started to normalize, reflecting a balance between supply and demand, which is critical for forming a base.
Reason: The recent consolidation near support indicates that selling pressure is easing, and buyers may be preparing for a rebound. This sets a foundation for potential upward momentum if buying interest intensifies.
Key Levels:
Support: $0.0760 – $0.0785
Resistance: $0.0880 → $0.0960 → $0.1050
Trend: Neutral to cautiously bullish — consolidation phase after a sharp correction.
Trade Idea:
If $NIGHT sustains above $0.0760 and gains traction above $0.0800, then a move toward targets at $0.0880, $0.0960, and potentially $0.1050 becomes likely.
Stop-loss advised at $0.0520 to manage downside risk.
Summary: Watch for confirmation of strength near support before entering longs. Manage risk carefully as may be laying the groundwork for a recovery.
#USGDPUpdate #USCryptoStakingTaxReview #CPIWatch #BTCVSGOLD #BinanceAlphaAlert

