$NIGHT Is trading near 0.0631 after failing to hold the intraday liquidity sweep at 0.0690. That rejection marked the short term top and triggered a controlled pullback rather than panic selling. Price is now sitting just above the 0.0630 demand pocket, where buyers previously stepped in and absorbed sell pressure.
Price action shows lower highs and a drift below short term moving averages, which tells me momentum has cooled but structure is not broken yet. Volume expanded on the drop from the highs, indicating late longs were flushed and short term leverage was reduced. Since then, volume has stabilized, suggesting liquidation pressure has already passed. Funding on perps looks neutral to slightly positive, so there is no overcrowded short positioning at these levels.
Liquidity behavior matters here. The market already ran stops above 0.069 and is now testing whether real spot demand exists near 0.0625–0.0630. Whale activity appears patient, with no aggressive market sells, which supports the idea of consolidation rather than continuation down. If this base holds, NIGHT can rotate higher again. A clean loss of 0.0625would expose deeper support.
Market outlook Short term corrective phase after a liquidity grab, with potential for stabilization if support holds.
Key levels Support: 0.0625, then 0.0606 Resistance: 0.0648, then 0.0690 Trade levels TP 1: 0.0648 TP 2: 0.0690 SL: 0.0606
Market cap At current price, NIGHT is trading around an estimated $120M–150M market cap, which explains the sharp liquidity swings and fast reactions around key levels.
My take This looks like a post liquidity sweep reset, not a full trend reversal. Direction will be decided by how price behaves around 0.0625. Do your own research.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
$NIGHT Is trading near 0.0631 after failing to hold the intraday liquidity sweep at 0.0690. That rejection marked the short term top and triggered a controlled pullback rather than panic selling. Price is now sitting just above the 0.0630 demand pocket, where buyers previously stepped in and absorbed sell pressure.
Price action shows lower highs and a drift below short term moving averages, which tells me momentum has cooled but structure is not broken yet. Volume expanded on the drop from the highs, indicating late longs were flushed and short term leverage was reduced. Since then, volume has stabilized, suggesting liquidation pressure has already passed. Funding on perps looks neutral to slightly positive, so there is no overcrowded short positioning at these levels.
Liquidity behavior matters here. The market already ran stops above 0.069 and is now testing whether real spot demand exists near 0.0625–0.0630. Whale activity appears patient, with no aggressive market sells, which supports the idea of consolidation rather than continuation down. If this base holds, NIGHT can rotate higher again. A clean loss of 0.0625would expose deeper support.
Market outlook Short term corrective phase after a liquidity grab, with potential for stabilization if support holds.
Key levels Support: 0.0625, then 0.0606 Resistance: 0.0648, then 0.0690
Trade levels TP 1: 0.0648 TP 2: 0.0690 SL: 0.0606
Market cap At current price, NIGHT is trading around an estimated $120M–150M market cap, which explains the sharp liquidity swings and fast reactions around key levels.
My take This looks like a post liquidity sweep reset, not a full trend reversal. Direction will be decided by how price behaves around 0.0625. Do your own research.
#PostTowinNight
#PostToWinNIGHT🔥
#PostToWinNIGHT: