Midnight (NIGHT) Narrowly Escapes a 45% Crash — But Trouble Isn’t Gone Yet
Midnight (NIGHT) price narrowly avoided a 45% crash by defending key support, but bearish signals persist.Summary
The price of Midnight (NIGHT) is currently trading around $0.088, having narrowly escaped a potential 45% crash indicated by a head and shoulders pattern on the 12-hour chart. Although buyers forced a last-second bounce above the upward-sloping neckline near $0.088, this defense appears fragile. Technical indicator Chaikin Money Flow (CMF) shows weakness and a bearish divergence, suggesting large capital is exiting despite the price holding. This spot buying, which saw $2.02 million move off exchanges, validated the immediate defense. If buyers maintain the $0.088 support, a recovery toward $0.090 and $0.102 is possible, with a break above $0.120 invalidating the bearish pattern. However, if $0.088 fails, the 45% breakdown projection is likely to resume, targeting $0.072 and potentially $0.047.
(Source：BeInCrypto)