NIGHT/USDT (Midnight) has taken a heavy hit today, dropping over -27.80% as bears took full control of the market momentum. The price plunged down to a 24h low of $0.01508 before slightly bouncing to its current level near $0.01909.
Here’s what the daily chart is showing right now:
Heavy Downward Impulse: A massive red candle broke straight through all key moving averages (MA7, MA25, and MA99), showing strong selling pressure.
MACD Bearish Divergence: The MACD histogram has expanded deeper into red territory, with the DIF curve curving sharply downward.
Key Technical Levels:
Immediate Support: The $0.0150 level is acting as crucial local support. If bulls fail to hold this zone on a retest, we could see further downside.
Resistance Ahead: Any attempt at a relief rally will likely face resistance around $0.0235 - $0.0254 (near MA7).
Trader’s Take: Falling knives can be tricky! While the quick bounce off $0.0150 shows some buyers stepping in, waiting for a solid consolidation pattern or base-building phase is key before jumping into long positions.
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