Midnight defended the $0.50 support and climbed to a local high of $0.58 as the broader crypto market recovered. At press time, NIGHT traded at $0.56, up 12.35% on the daily chart, with market capitalization reaching $1 billion before falling to $941 million.
As of writing, Buy Volume to Price Pressure rose to 51, while sell pressure to the market dropped to 23, signaling rising demand. Buyer Dominance stood at 93 million, while seller volume dominance declined to 36 million, leaving a positive net pressure of 57 million.
Derivatives data showed Open Interest rising 18.45% to $38.14 million and Derivatives Volume climbing 45.9% to $66.05 million. The Long/Short Ratio stood at 1.11, with Binance traders dominating the market. Momentum indicators also point to strength, with the Stochastic RSI at 88 and RVGI at 0.09. If demand holds, the uptrend could persist toward the $0.62 resistance.
Leave a Reply