Why NIGHT’s Price Is Skyrocketing – And Why You Should Be Skeptical!

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Midnight [NIGHT], the cryptocurrency that’s currently giving us all the drama, is set to go live in March. Thanks to this “exciting update,” the utility token NIGHT has been on a rollercoaster ride, making even the most seasoned traders question their life choices.

According to CoinMarketCap, it was up 8.78% in 24 hours and up 23.78% in a week at press time. According to AMBCrypto, the former resistance at $0.5 had been flipped to support too. Because nothing says “I’m a winner” like a number that’s still basically a penny.

A closer look at the price charts revealed that $0.056-$0.060 is a key area for NIGHT bulls. Now that they’ve reclaimed this area, can they drive a rally to $0.10 and beyond? Probably not, but let’s pretend we’re optimistic. Because why not?

NIGHT back above a key retracement level

The internal structure on the 6-hour timeframe was bullish, and has been since NIGHT pushed above $0.05 on Friday, 06 February. Since then, the price has made higher highs and higher lows. Because nothing says “I’m stable” like a graph that looks like a rollercoaster.

However, the higher timeframe momentum wasn’t strongly bullish. The deep retracement to the local low at $0.04 underlined the strength of sellers, which was a threat to the bulls on the way to recovery. Because nothing says “I’m a tough lover” like a 20% drop.

The CMF was back at +0.01 after climbing to +0.23 on 18 February. It was an early sign that the buying pressure might not be a sustained push, which could slow any further gains. Meanwhile, the DMI showed that a strong uptrend was in progress, agreeing with the findings based on the internal structure. Because everyone loves a good contradiction.

Bulls should resist FOMO and arguments of relative strength

Bitcoin [BTC] has been oscillating between the $65k and $71k levels over the past two weeks. If BTC can climb higher, it could see renewed enthusiasm among altcoins, including NIGHT. Until then, swing traders need to remain wary. Because nothing says “I’m a reliable partner” like a coin that’s still a gamble.

The 1-month liquidation heatmap showed that NIGHT had just tagged a significant cluster of short liquidations at $0.063-$0.065. The lack of clear, sustained demand and early candlestick signs of buyer exhaustion at this zone were worrying too. Because nothing says “I’m a trustworthy investment” like a chart that looks like a panic attack.

It is possible that the sweep of the magnetic zone at $0.065 would be followed by a descent to the $0.054 area next. Traders need to watch out for this possibility and beware of going long early. Because nothing says “I’m a good idea” like a trade that’s already doomed.

Final Summary

  • The sweep of the liquidity at $0.065 may be a strong indication that a temporary pullback was brewing. Because nothing says “I’m a winner” like a 5% drop.
  • The $0.056-$0.060 area is a short-term demand zone that swing traders can expect a bullish reaction at. Because why not? It’s not like we’ve had enough drama already.

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2026-02-21 00:07