#NIGHT IS GETTING INTERESTING 👀
Something doesn’t quite add up here.
Midnight says 2B+ NIGHT has already been redeemed, while roughly 2.5B tokens are still claimable during the final thaw period.
Yet price is sitting around $0.021, more than 80% below the December high.
Then volume suddenly exploded, with roughly $127M traded in 24h, but instead of absorbing the selling, price pushed toward a fresh local low around $0.0152.
That’s the part I’m watching.
Lots of activity.
Lots of supply being dealt with.
But price still struggling to find real demand.
With the final thaw period running until December 4, the supply story isn’t finished yet.
For the chart, I’d keep it simple:
🟢 $0.024 reclaim: first sign buyers are getting serious
🔴 $0.0152 loss: major support gives way
⚠️ $0.030: would invalidate the current setup
Charles Hoskinson recently said Midnight could become “bigger than $ZEC .” Big statement, but the market still has to prove it through price action.
For me, #NIGHT is a watch, not a chase.
The next few weeks could tell us whether this is quiet accumulation or simply more supply hitting the market. 👀 $NIGHT
Not financial advice. Do your own research and manage your risk.
Something doesn’t quite add up here.
Midnight says 2B+ NIGHT has already been redeemed, while roughly 2.5B tokens are still claimable during the final thaw period.
Yet price is sitting around $0.021, more than 80% below the December high.
Then volume suddenly exploded, with roughly $127M traded in 24h, but instead of absorbing the selling, price pushed toward a fresh local low around $0.0152.
That’s the part I’m watching.
Lots of activity.
Lots of supply being dealt with.
But price still struggling to find real demand.
With the final thaw period running until December 4, the supply story isn’t finished yet.
For the chart, I’d keep it simple:
🟢 $0.024 reclaim: first sign buyers are getting serious
🔴 $0.0152 loss: major support gives way
⚠️ $0.030: would invalidate the current setup
Charles Hoskinson recently said Midnight could become “bigger than $ZEC .” Big statement, but the market still has to prove it through price action.
For me, #NIGHT is a watch, not a chase.
The next few weeks could tell us whether this is quiet accumulation or simply more supply hitting the market. 👀 $NIGHT
Not financial advice. Do your own research and manage your risk.
