Midnight continues to show a stable upward trend, so bullish momentum remains strong despite occasional selling pressure. NIGHT is still trading near its recent high and is getting closer to the all-time high level.
While some investors appear cautious, overall price movement indicates that buyers are still in control of the current dominant trend.
Midnight Still Has an Advantage
The latest on-chain data shows that the top 100 NIGHT holders have reduced their ownership. In the last seven days, their total holdings decreased by 14.5%, from 236 million NIGHT to 202 million NIGHT. This decline indicates planned profit-taking, not panic selling.
This large holder seems to have anticipated short-term saturation after the previous strong rally. Locking in profits at high prices is often what early adopters do. Although distribution occurs, this sell-off does not disrupt the overall market structure, as liquidity remains sufficient to absorb the supply.
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Macro indicators still support a bullish outlook for Midnight's price. The buy-sell ratio shows that buyers account for 52% of the total transaction volume. This imbalance confirms that demand remains higher than supply, even with profit-taking activity.
Consistent buyer dominance signals confidence in Midnight's long-term potential. Demand-driven volume often serves as a foundation for trend continuation. As long as buying activity exceeds selling, NIGHT stands a chance to challenge higher resistance without weakening the market structure in the near term.
NIGHT is trading at US$0.095 at the time of publication, slightly below the key resistance at US$0.100. This psychological barrier has so far held back the rise. A confirmed breakout could allow Midnight to rise faster toward the previous all-time high near US$0.120.
To reach that level, NIGHT needs to rise by 25.7%. Based on current demand data and buyer dominance, this target is still achievable. If momentum holds, NIGHT could approach this target as 2026 begins, supported by continuous accumulation.
Even so, the risk of a decline remains if selling pressure strengthens. The distribution that occurs again may bring NIGHT down to support at US$0.075. If the price falls below that zone, the uptrend could break and the bullish outlook may be invalidated, thus the momentum fully returns to the sellers.
