NIGHT has already delivered impressive gains, but both technical indicators and broader market dynamics suggest the rally may not be over yet. Investor sentiment around the token remains constructive, supported by continued capital inflows and a market structure that favors further appreciation despite recent price strength.
One of the key technical signals supporting NIGHT’s outlook is the Chaikin Money Flow (CMF), which remains firmly above the zero line. This indicates that buying pressure continues to outweigh selling pressure, confirming net inflows into the asset. Although the CMF has softened slightly over the last 48 hours, the indicator still reflects sustained investor confidence rather than signs of large-scale distribution. This suggests that holders are largely maintaining their positions instead of rushing to take profits.
A significant driver of this demand is NIGHT’s association with Charles Hoskinson, the founder of Cardano. This narrative connection has helped boost the project’s credibility and visibility within the crypto community, attracting speculative and long-term interest alike. As long as this narrative remains intact, capital rotation into NIGHT is likely to persist, supporting elevated price levels in the near term.
Macro conditions are also working in NIGHT’s favor. The token currently shows a weak correlation with Bitcoin, allowing it to perform independently of broader market uncertainty. While Bitcoin continues to struggle to establish a clear recovery trend, NIGHT has managed to post strong gains based on its own momentum and fundamentals. Low correlation often benefits emerging assets during periods of Bitcoin consolidation, and this dynamic could continue to support relative outperformance.
From a price perspective, NIGHT surged more than 42% in the last 24 hours, reaching a new intraday all-time high near $0.096 before stabilizing around $0.093. Strong buying momentum and bullish sentiment suggest that a move above the $0.100 psychological level is possible if current trends persist, potentially attracting additional speculative interest.
However, risks remain. If profit-taking accelerates, NIGHT could retrace toward the $0.075 support zone. A breakdown below that level may expose the price to further downside toward $0.060, which would weaken the current bullish structure and increase volatility.
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