Midnight [NIGHT] has remained lower over the past 24 hours despite a sharp increase in volume , indicating that selling pressure has not eased.
This development, coupled with outflows of funds and areas of high liquidation around short-term price levels, leaves NIGHT stuck between nearby support and resistance.
- NIGHT fell more than 11% to nearly $0.0309, while volume increased 29.37% to over $60 million.
- Cash flow on the exchange recorded $9.25 million inflow and $17.96 million outflow, resulting in a net outflow of approximately $8.7 million.
- The nearest support level is $0.0297, while $0.0320, $0.0335, and $0.0350 are liquidation zones to watch.
Nighttime trading declined but activity remained high.
NIGHT is Midnight's Token and is trading around $0.0309 after losing more than 11% in 24 hours. The Token 's market Capital has fallen to approximately $513 million, while volume has increased to over $60 million.
The divergence between price and volume indicates that the market remains highly active despite a short-term selling trend. When volume increases while prices fall, selling pressure typically prevails.
Cash flow on the exchange is leaning towards withdrawals.
Spot trading data shows that NIGHT recorded $9.25 million inflows and $17.96 million inflows, resulting in a net outflow of approximately $8.7 million. This means that the amount of Token leaving exchanges is still greater than the amount being deposited.
Outflow is generally understood as investors moving assets off the exchange, thereby reducing their intention to sell immediately. However, the price of NIGHT has not reacted positively during this period and continues to hover near the local Dip .
The $0.0297 level remains a short-term support zone.
NIGHT is fluctuating below its nearest resistance zone after a failed recovery attempt, with the price around $0.0310 and $0.0297 holding as the nearest support. Earlier, the Token advanced to the $0.0400 region but the upward momentum quickly weakened.
The RSI also reflects weakening buying pressure, retreating to 44.13 and below the 46.11 Medium . However, the RSI has not yet entered the oversold zone, so selling pressure does not yet show clear signs of exhaustion.
Liquidation is high on both sides of the price.
Liquidation data shows liquidation clusters concentrated around $0.0300–$0.0310 on the downside and around $0.0320, $0.0335, and $0.0350 on the upside. These areas coincide with support zones on the daily chart and closer resistance levels.
In the short term, the market may continue to move toward areas with higher leveraged positions rather than following a clear trend. If $0.0297 is not held, NIGHT could face further downward pressure before a significant rebound.
Summary
NIGHT is currently in a weak price position but still has significant trading activity and liquidation around key short-term levels. The next development will likely depend on whether the $0.0297 level holds.
