Night’s token NIGHT extended its decline despite a debut on Binance’s spot market. In the past 24 hours, the token fell about 6.7% as Bitcoin failed to sustain a move above $73,900, contributing to a broader risk-off mood. The recent listing on Friday, March 13 drew attention but did not halt the slide, leaving NIGHT testing a key local support around $0.047.
Beyond trading activity, the project announced Balance, a Canadian digital asset custodian, would provide custody support for Midnight Network as its mainnet launch approaches in the final week of March. The mainnet will rely on the native NIGHT token for transaction fees, staking, and governance, underscoring its real-use utility. Separately, the Midnight City Simulation unveiled on Feb. 26 features autonomous AI agents that generate transactions, offering a preview of privacy-enabled activity in motion.
From a technical standpoint, NIGHT has failed to reclaim the $0.062 level, with the daily chart showing a bearish setup. Although the OBV reached a new local high, the downtrend could persist without sustained buying. A bounce toward $0.055–$0.059 would be a relatively safer move for traders looking to exit rather than chase a buy at the current lows, while a close below $0.0473 would undermine the near-term bulls. Traders should also watch Bitcoin’s price trajectory over the next week, as BTC moves can influence NIGHT’s path.
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