Today's trading on $NIGHT is taking place within a relatively narrow range after the previous impulsive movement. This is classic market behavior, where after a sharp rise, the asset enters a consolidation phase — large players accumulate positions while weak hands exit.
At this moment, the key support zone remains critically important. Its maintenance opens up a scenario for the continuation of the upward movement with potential updates to local highs. In this case, a gradual trend growth can be expected without sharp spikes.
If the price does not hold support — a short shake-out down with further quick buyback is possible. This is a typical scenario for gathering liquidity before a new impulse.
The overall structure still looks bullish, but without confirmation from volumes, it is advisable to act cautiously. The best strategy now is to observe the price reaction at key levels and to enter only after a clear signal.
We are watching the development together with @MidnightNetwork — $NIGHT may give another strong move in the near future.