Midnight (NIGHT) prices are heading towards new highs as retail investors dominate with 52% of volume.

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Midnight continues its steady upward trend, maintaining its price momentum despite occasional profit-taking pressure. NIGHT is currently trading near its most recent peak and approaching its All-Time-High.

Although some investors are showing caution, the overall price movement suggests that buyers remain in control of the main trend in the market.

Midnight is still in control.

The latest on-chain data shows that the top 100 NIGHT investors have reduced their Token holdings. Over the past seven days, their total NIGHT holdings have decreased by 14.5%, from 236 million NIGHT to 202 million NIGHT. This indicates that large investors are actively taking profits rather than panic selling.

Large investors may have anticipated short-term market saturation after the strong rally. Selling to take profits at high prices is a familiar tactic for early participants. Despite the increased selling volume, the overall market trend remains unaffected, indicating that liquidation is still sufficient to absorb the supply entering the market.

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NIGHT Top 100 Holders. The top 100 investors own NIGHT. Source: Nansen

Macroeconomic indicators continue to support the bullish outlook for Midnight . The current buy/sell ratio shows that buyers account for 52% of the total volume. This difference confirms that demand remains stronger than supply, although some investors are taking profits.

The sustained dominance of buyers reflects confidence in Midnight's future growth potential. As volume is driven by buying demand, the uptrend will have a stronger foundation. As long as buying pressure continues to outweigh selling pressure, NIGHT will continue to have opportunities to conquer higher resistance levels without showing clear signs of weakness.

Night Buy/Sell Ratio. Buy/Sell Ratio NIGHT. Source: GeckoTerminal

The price could set a new all-time high (ATH) tonight.

At the time of writing, NIGHT is trading at $0.095, just below the key psychological resistance level of $0.100. This level has prevented price increases recently. If broken through, Midnight could accelerate towards its previous all-time high near $0.120.

To reach this milestone, the price of NIGHT needs to increase by another 25.7%. Given the current demand indicators and the dominant buyer trend, this target remains entirely achievable. If the upward momentum is maintained, NIGHT could reach this level by the beginning of 2026, thanks to steady accumulation.

NIGHT Price Analysis. Nighttime price analysis. Source: TradingView

However, the risk of a price drop remains if selling pressure increases further. If distribution continues , it could push NIGHT towards the $0.075 support zone. If the price falls below this area, the current uptrend will be broken and the previous positive outlook will disappear, shifting momentum towards sellers.

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Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
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