A 62% week for $NIGHT , and today traders brought five times the usual volume to it.
NIGHT trades at 0.03947, up 6.6% in 24 hours. About 24.9M USDT changed hands, 5.3 times its 7-day average. That happened while $BTC did nothing (-0.02%), so this demand is about NIGHT itself, not the market.
The weekly range runs from 0.02389 to 0.0453. Price sits 12.9% under that high, so the first push already ran out of steam once. Hourly RSI is 48.8, right in the middle: no overheating, but no strong momentum either.
My view: interesting, not yet a trade. Heavy volume with a small daily gain can mean buyers are absorbing sellers, or it can mean late entries near a local top. A move back above 0.0453 with volume still high would settle it for me. If price slips under 0.035 and the volume fades, the week's move is likely topping out.
What I am watching: whether volume stays well above average tomorrow.
#NIGHT #VolumeSpike
NIGHT trades at 0.03947, up 6.6% in 24 hours. About 24.9M USDT changed hands, 5.3 times its 7-day average. That happened while $BTC did nothing (-0.02%), so this demand is about NIGHT itself, not the market.
The weekly range runs from 0.02389 to 0.0453. Price sits 12.9% under that high, so the first push already ran out of steam once. Hourly RSI is 48.8, right in the middle: no overheating, but no strong momentum either.
My view: interesting, not yet a trade. Heavy volume with a small daily gain can mean buyers are absorbing sellers, or it can mean late entries near a local top. A move back above 0.0453 with volume still high would settle it for me. If price slips under 0.035 and the volume fades, the week's move is likely topping out.
What I am watching: whether volume stays well above average tomorrow.
#NIGHT #VolumeSpike
