$NIGHT has been moving in a strong uptrend recently, but this zone could present a potential selling opportunity. One of the main drivers behind the recent bullish momentum is the listing of $NIGHT on the Binance Creator Pad, where the team allocated around 2 million tokens for airdrop participants. With the campaign running for about two weeks, many traders have entered the market to gain exposure and qualify for rewards, increasing liquidity and pushing the price toward a key resistance level.
However, when markets rally mainly due to promotional campaigns or temporary incentives, price often retraces once the excitement fades. As liquidity increases near resistance, early traders may begin taking profits. From a technical perspective, this zone looks like a potential distribution area where sellers could step in