Midnight (NIGHT) Survives 45% Crash Scare-But Is It Doomed? 💀

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Midnight’s trading at $0.088-down 7% today, because of course it is. 🎉 It’s clinging to 18% weekly gains like a drunk person holding onto a lamppost. But let’s not pretend this isn’t a dumpster fire in disguise.

A bearish structure just formed on the chart, and buyers are panicking harder than your mom at a Black Friday sale. They barely held a support level that only survived because someone, somewhere, yelled “YOLO” and threw a bunch of money at it last second. Congrats, it’s alive! Now will it die? Let’s find out, shall we?

The question now is: Was this a false alarm or just a delay in the inevitable apocalypse? 🤷‍♀️

Head And Shoulders: The Cryptocurrency Version of a Midlife Crisis

A head and shoulders pattern’s formed on the 12-hour chart, complete with an upward-sloping neckline. If this gets confirmed, we’re staring down a 45% drop. NIGHT already dipped below $0.088 like it was auditioning for a horror movie role before buyers swooped in like a bunch of crypto superheroes with questionable financial advice skills. The bounce looked less “reversal” and more “oh god, we panicked.”

Pro Tip: The neckline’s sloping upward, which means buyers are still trying to make “higher lows” happen, even as the chart screams “touch grass.” It’s like watching someone try to fix a sinking ship with duct tape. 🛠️

Chaikin Money Flow (CMF), the indicator that’s supposed to measure “big money,” is currently throwing a tantrum. It broke its trendline and is sprinting toward zero like it’s late for a date with disaster. 🚨

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Between December 24 and 31, the price went up while CMF went down. Translation: whales are sneaking out the back door while retail investors cheer like they’re at a parade. 🐋🚪

If CMF hits zero, the neckline’s getting another stress test. Retail buyers might as well bring popcorn because they’re not exactly the cavalry here. 🍿

Spot Flows: The Heroic (But Questionable) Rescue Mission

On December 30, $1.37 million of NIGHT hit exchanges like a bad decision. Prices dropped, CMF cried. But then, on December 31, $2.02 million vanished from exchanges. Buyers? Heroes? Or just people who forgot to set their stop-losses?

This “defense” is about as convincing as a vegan convincing a steakhouse crowd. Buyers are using $0.088 as an entry point, which is cute. But if they keep failing here, the 45% drop is getting its marching orders.

Hold $0.088, and NIGHT could crawl toward $0.090 or even $0.102. Break $0.120? Suddenly the bearish pattern’s crying in the shower. But let’s not kid ourselves. 🚿

CMF’s weakness means this support is held together by hope, prayers, and maybe a lucky rabbit’s foot. If $0.088 breaks again, spot buyers trying to “catch the dip” will be the ones needing a rescue. 🤡

Next stops: $0.072 (Fibonacci’s favorite number), $0.053 (the crypto version of rock bottom), and $0.047 (where dreams go to die). 🪦

So, will $0.088 hold? Or is this just the calm before the 45% storm? Grab your popcorn, folks. This is gonna be a bumpy night. 🌙

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2025-12-31 17:54