Midnight [NIGHT], that sprightly sprite of the crypto sphere, had pirouetted its way upward by a sprightly 2.5% in the past 24 hours, dear reader, and a jaunty 18.1% for the week. Meanwhile, Bitcoin [BTC], that stodgy old uncle of the blockchain family, was sulking in the corner with a 1.85% dip for the day and a mere 0.3% wobble upward over seven days. How the mighty dawdle!
The charts, when scrutinized with the fervor of a butler searching for a missing monocle, suggested the uptrend might persist. AMBCrypto, ever the intrepid sleuth, sniffed out bullish targets and the dastardly plot twists that could derail them.
Why the Midnight Surge? A Tale of Trends and Twists 🌊
A post on X (formerly known as “that bird app”) noted NIGHT had swiped the top spot on CoinGecko’s trending token, much to the chagrin of BTC and Ethereum [ETH]. Charles Hoskinson, co-founder of IOHK and the Cardano [ADA] blockchain, declared Midnight was “just getting started” – a line so cliché even a soap opera villain would blush.
Just over a week prior, NIGHT had taken a tumble from $0.120 to $0.0718 in under three days, like a debutante slipping on a banana peel. Since then, the altcoin had rallied 34%, proving resilience is the new black in crypto circles.
The $0.083 mark, once a stubborn resistance, flipped to support faster than a politician changing opinions. Short-term bulls rejoiced, as if handed free tea vouchers.
Mapping NIGHT’s Price Targets: A Treasure Hunt 🗺️
Plotting Fibonacci retracement levels post-December rally felt like deciphering a pirate’s map. The rally followed days of sideways shuffling, with a “structure break” (cyan line) hinting at gains – or perhaps a parlor trick.
The retracement to $0.073 (78.6% level) saw sideways shenanigans under $0.083. A structure break on December 27th sent prices soaring past $0.09, like a butler revealing a hidden wine cellar.
Trading volume, however, resembled a deflated soufflé. The CMF struggled to breach +0.05 despite gains – a worrying sign for bulls, akin to finding a hairpin in your crumpet.
Bearish Breakdown? Only If the Sky Falls 🐻
Demand was weaker than a cup of British tea served in France. Cooling trader interest and a Bitcoin pullback could rain on NIGHT’s parade, but such a scenario seemed less likely than a penguin winning Wimbledon.
Still, crypto is the land of surprises. Last week’s excitement might’ve been a one-act play, not a blockbuster series.
Buy Signal: When Stars Align (or Coincidences Occur) 🌟
The H4 structure was bullish enough to make a optimist weep, and Bitcoin wasn’t threatening to dive below $85k – yet. If $0.1 flipped to support, traders could buy in like it’s a Boxing Day sale.
The Fibonacci extension eyed $0.134 next – a target so round it practically begged for a bullseye.
The liquidation map warned of a dip to $0.088-$0.09 due to leveraged longs vaporizing – a crypto version of musical chairs. Traders could buy the dip, assuming they weren’t too busy panicking.
Final Thoughts: The Plot Thickens 🧩
- The buzz around Midnight, Cardano’s privacy-focused Layer 1 network, remains as effervescent as a shaken champagne bottle. Recent price action? Pure confetti cannon energy.
- Trading volume may have vanished like a magician’s rabbit, but NIGHT’s likely to keep its upward waltz. Fingers crossed, chaps!
Read More
- ETH PREDICTION. ETH cryptocurrency
- GBP CHF PREDICTION
- USD VND PREDICTION
- SOL PREDICTION. SOL cryptocurrency
- EUR RUB PREDICTION
- BTC PREDICTION. BTC cryptocurrency
- XMR PREDICTION. XMR cryptocurrency
- CNY JPY PREDICTION
- EUR ARS PREDICTION
- USD MYR PREDICTION
2025-12-31 01:03