NIGHT has been holding steady after that heavy pullback from the 0.088 range. Right now the price is trying to build a base around the mid-0.04 zone, which is usually a sign that sellers are slowing down and buyers are slowly stepping back.
Short-term view (1H): Momentum indicators look neutral, neither strong buy nor strong sell. Price is moving in a tight range, which usually leads to a breakout—up or down—depending on volume.
Mid-term view (4H): If the price can break above the recent consolidation, the next move could retest the 0.055–0.06 area. If it fails, the support around 0.042–0.044 becomes important.
Future expectation (personal opinion, not financial advice): Right now the market is in “cool-down mode.” A clean breakout above resistance could restart the uptrend, but if volume stays weak, price may just keep moving sideways for a bit.$NIGHT
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NIGHT has been holding steady after that heavy pullback from the 0.088 range. Right now the price is trying to build a base around the mid-0.04 zone, which is usually a sign that sellers are slowing down and buyers are slowly stepping back.
Short-term view (1H):
Momentum indicators look neutral, neither strong buy nor strong sell. Price is moving in a tight range, which usually leads to a breakout—up or down—depending on volume.
Mid-term view (4H):
If the price can break above the recent consolidation, the next move could retest the 0.055–0.06 area.
If it fails, the support around 0.042–0.044 becomes important.
Future expectation (personal opinion, not financial advice):
Right now the market is in “cool-down mode.” A clean breakout above resistance could restart the uptrend, but if volume stays weak, price may just keep moving sideways for a bit.$NIGHT