Midnight (NIGHT) continues to attract attention in the final days of the year, posting a 2.5% gain in the last 24 hours and an impressive +18.1% weekly performance — clearly outperforming Bitcoin, which fell -1.85% daily and gained just +0.3% over the week. This disproportionate strength has positioned NIGHT among the most-discussed altcoins of the moment.
📌 What Triggered NIGHT’s Recent Rally?
A viral post on X highlighted that NIGHT recently climbed to the top of CoinGecko’s trending tokens list, surpassing even BTC and Ethereum (ETH). Charles Hoskinson — co-founder of Cardano — reinforced the bullish narrative, stating Midnight is “just getting started.”
This surge followed a 40% corrective crash, dropping from $0.120 to $0.0718 in under three days. Since then, NIGHT staged a sharp +34% rebound, and the former short-term barrier at $0.083 has now flipped into a solid support base, signaling a potential shift in market structure.
📊 Technical Picture — Structure, Fib Levels & Volume Risk
Using the early-month rally as reference, Fibonacci retracement zones outline key price magnets. The Fib 78.6% at $0.073 acted as a compression area beneath $0.083 before the breakout on Dec. 27 enabled movement toward local resistance at $0.09.
However — traders should note — volume has noticeably declined, keeping the CMF below +0.05, indicating that while price is rising, capital inflows remain questionable. Bulls currently hold control, but market confidence is still fragile.
🔻 Could a Pullback Happen?
Yes — especially if market attention fades further or if Bitcoin records even a mild correction. A BTC-led retracement could pressure sentiment and cause NIGHT to revisit lower levels.
🔹 Liquidation maps reveal a potential dip toward $0.088 – $0.09, where leveraged long positions are clustered. A sweep into this zone may create the next structural reset.
🟢 Where Could Bulls Regain Strong Control?
Market structure on the 4-hour chart remains constructive. Analysts note that if $0.10 flips into confirmed support, NIGHT could extend toward the Fib extension target at $0.134 — the next logical resistance zone.
⚠️ This article is for informational and analytical purposes only — not financial advice.
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