Midnight extended its meteoric rise as strong investor demand pushed the token to new all-time highs. Projects associated with Cardano founder Charles Hoskinson continue to gain traction after maintaining upward momentum.
NIGHT has already made significant gains, but technical and macro signals suggest further upside potential remains.
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Midnight Holder sees a new sunrise
Investor support for NIGHT remains strong. Chaikin money flow is in positive territory above the zero line, confirming net inflow. Although this metric has declined slightly over the past 48 hours, capital continues to flow into assets, indicating continued confidence rather than distribution.
Much of this demand is related to Midnight’s relationship with Cardano founder Charles Hoskinson. This connection increased credibility and visibility.
In the short term, this narrative-driven interest may keep capital spinning overnight, supporting higher price levels.
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Macro conditions also favor NIGHT performance. The token shows a weak correlation with Bitcoin, insulating the token from broader market uncertainty. This independence has allowed NIGHT to trend upward even as Bitcoin struggles to regain momentum.
Low correlations often benefit emerging assets during BTC consolidation periods. NIGHT’s ability to move based on its own fundamentals remains a key advantage as Bitcoin lacks clear recovery signals. This dynamic may continue to support relative outperformance in the short term.
Nighttime prices hit a new all-time high
The late-night price has surged 42.7% in the past 24 hours and is trading around $0.093 at the time of writing. This increase pushed the price to a new intraday high of $0.096. Momentum remains strong, reflecting aggressive buying and sustained interest post-breakout.
Bullish sentiment and favorable macro environment support further upside. If the current trend continues, NIGHT could cross the $0.100 level. A break into the 10-cent range would be a psychological milestone, attracting further speculative interest and potentially increasing momentum.
Risk remains if the holder begins to take profits. A wave of selling could push NIGHT back towards the support at $0.075. Losing that level will weaken the bullish structure. Further downside could extend to $0.060, invalidating the current bullish theory and increasing volatility.
