Midnight continues to rise slowly, the bullish momentum remains despite occasional sales. NIGHT is still being traded close to its current high and is approaching its previous all-time high.
Although some investors are cautious, the overall development shows that buyers continue to dictate the current trend.
Midnight continues to hold the upper hand
Current data on the chain shows: The top 100 NIGHT holders have reduced their share. In the last seven days, their combined holdings have decreased by 14.5 percent from 236 million NIGHT to 202 million NIGHT. This decline indicates that profit-taking is occurring rather than panic selling.
Large holders have likely used the strong rally for short-term profits. Taking profits during periods of high prices is a common strategy among early investors. Despite these sales, the market structure remains stable. Liquidity is sufficient to absorb the additional supply.
Overall signals continue to suggest a bullish outlook for the Midnight price. The buy-to-sell ratio shows that buyers account for 52 percent of all trading volume. This imbalance confirms the currently higher demand, even if some investors are realizing profits.
The ongoing excess of buyers indicates confidence in Midnight's long-term potential. Trading volume driven by demand can support the trend. As long as purchases exceed sales, NIGHT remains well-positioned to tackle further resistances. Short-term weaknesses are therefore less likely.
NIGHT is currently at 0.095 USD, just below the important 0.100 USD mark. This psychological barrier is currently hindering further increases. A breakout above could lead Midnight back to its all-time high of around 0.120 USD.
To reach this value, the price would need to increase by 25.7 percent. Given the current demand and the buyers' overweight, this seems possible. If the trend continues, NIGHT could achieve this goal by early 2026 if the steady accumulation continues.
However, there is also a downside risk. Should selling pressure increase, NIGHT could fall back to the support level at 0.075 USD. A fall below this would end the current upward trend. Then sellers would regain control.
