Midnight (NIGHT) Price Eyes New Highs As Buyers Dominate 52% Volume

Core Insights - Midnight (NIGHT) has maintained a bullish trend, trading near recent highs and approaching its all-time high despite some selling pressure [1] - The top 100 NIGHT holders have reduced their holdings by 14.5% over the past week, indicating profit-taking rather than panic selling [2] - Macro indicators support a bullish outlook for Midnight, with buyers accounting for 52% of total transaction volume, suggesting demand exceeds supply [4] Market Dynamics - Large holders likely anticipated market saturation after a strong rally, leading to a strategic locking in of gains [3] - Sustained buyer dominance indicates confidence in Midnight's long-term potential, with demand-driven volume supporting trend continuation [5] - NIGHT is currently trading at $0.095, just below the key resistance level of $0.100, with a potential breakout targeting the previous all-time high of $0.120, requiring a 25.7% price increase [6][7] Price Analysis - If momentum persists, NIGHT could approach its target as 2026 begins, supported by steady accumulation [7] - However, intensified selling pressure could push NIGHT towards the $0.075 support level, which would break the current uptrend and shift momentum back to sellers [8]