Midnight has maintained a steady upward trend, keeping bullish momentum intact despite intermittent selling pressure. NIGHT continues to trade near its recent highs, edging closer to its all-time high.
While some investors show caution, broader price action suggests buyers still control the prevailing trend.
Midnight Still Has An Upper Hand
Recent on-chain data shows that the top 100 NIGHT holders have reduced exposure. Over the past seven days, their combined holdings dropped by 14.5%, falling from 236 million NIGHT to 202 million NIGHT. This reduction signals calculated profit-taking rather than panic-driven selling.
SponsoredLarge holders likely anticipated short-term saturation after the strong rally. Locking in gains during elevated prices is a common strategy among early participants. Despite this distribution, sales have not disrupted the broader structure, indicating that liquidity remains sufficient to absorb the supply.
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Macro indicators continue to support Midnight price’s bullish outlook. The buy-to-sell ratio shows buyers account for 52% of total transaction volume. This imbalance confirms that demand remains stronger than supply, even as some profit-taking emerges.
Sustained buyer dominance suggests confidence in Midnight’s longer-term potential. Demand-driven volume often provides a foundation for trend continuation. As long as buying activity exceeds selling, NIGHT remains positioned to challenge higher resistance levels without immediate structural weakness.
NIGHT Price Could Form A New ATH
NIGHT trades at $0.095 at the time of writing, sitting just below the key $0.100 resistance. This psychological barrier has capped recent advances. A confirmed breakout could allow Midnight to accelerate toward its previous all-time high near $0.120.
Reaching that level would require a 25.7% price increase. Given current demand metrics and buyer dominance, such a move remains achievable. If momentum persists, NIGHT could approach this target as 2026 begins, supported by steady accumulation.
However, downside risk remains if selling pressure intensifies. Renewed distribution could push NIGHT toward the $0.075 support level. A move below that zone would break the current uptrend and invalidate the bullish thesis, shifting momentum firmly back to sellers.
