Current rate $NIGHT — $0.06891. In the last 24 hours, the growth is impressive at +33%, indicating strong market interest in Midnight Network — an innovative project based on Cardano focused on data privacy through ZK proofs. High trading volume and listing on major exchanges fuel the hype around the token.
Technical analysis: RSI (24h) at 55.95 — neutral zone, far from overbought (>70). This indicates a healthy momentum without signs of overheating. After the recent launch and volatility, the coin is consolidating, but the bullish trend remains as key supports hold.
The outlook is positive: if the ecosystem (dApps, partnerships) grows, a test of $0.10–0.12 is possible in the coming weeks. However, unlocks and overall market correction are risks.
Trading plan:
Bullish scenario: Entry at current $NIGHT ~$0.069 or on a pullback to $0.065. TP1: $0.08 (SL 3% — $0.067). TP2: $0.10. Move SL to breakeven after +2-3%.
Bearish scenario: If the breakout $NIGHT below $0.065, short/exit. SL 4% from entry.
Use no more than 1-2% of your deposit per trade due to high volatility!
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