The coin $NIGHT returned to the spotlight strongly after recording a jump of nearly 159%, reaching $0.048 in late September, and marking its highest level in six months.

This jump comes after one of the harshest phases in the coin’s history, as it fell by 87% from its previous peak at $1.81, during a sharp sell-off that followed a security breach that rattled its holders and pushed many to exit.

This rebound has reopened the debate about whether the currency has entered a true recovery phase or if it’s merely a temporary surge within a long-term downtrend. Even after the latest rise, the current price remains far from the previous peak.

What’s notable is that the underlying reason behind this rally is still uncertain. There is no clear data to explain the magnitude of the sudden demand or whether fundamental factors are driving the move, which is why anticipation is dominant at the moment.

On the other hand, some followers believe that a recovery to below one dollar does not necessarily mean overcoming the fallout of the previous crisis, especially given the large difference between the current price and the levels before the crash.

The most important question remains: can $NIGHT hold these levels and form a new base, or will the jump fade away as happened in previous rebounds? Only the coming days will provide the answer.

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