NIGHT has shown a sharp rebound after dropping to 0.04200, marking a solid intraday low. The bounce is pushing towards 0.04807, which aligns with the key resistance level at 0.04886. This surge is supported by a significant increase in volume, indicating renewed buyer interest and a potential shift in momentum.
The key moving averages (MA5 and MA10) are both currently crossing upwards, signaling the possibility of short-term bullish continuation. If the price can break above 0.04886 with strong volume, we could see the trend continue towards the next resistance zone at 0.050, where more liquidity lies.
That said, there’s still significant overhead resistance to tackle. If the 0.04807 level gets rejected, we may see another pullback towards the 0.04400 area. The MACD shows a subtle shift, with the histogram turning positive, suggesting waning bearish momentum and the potential for an upward trend to gain strength.
Key levels to watch: Immediate resistance: 0.04886 Support: 0.04200 (a critical level for potential short-term reversals)
If price fails to maintain momentum above 0.04800, we might see another test of lower levels. Keep an eye on how the market behaves around 0.04886 for signs of either a breakout or further consolidation #PostToWinNIGHT🔥 #PostToWinNIGHT: $NIGHT
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NIGHT/USDT Market Outlook
NIGHT has shown a sharp rebound after dropping to 0.04200, marking a solid intraday low. The bounce is pushing towards 0.04807, which aligns with the key resistance level at 0.04886. This surge is supported by a significant increase in volume, indicating renewed buyer interest and a potential shift in momentum.
The key moving averages (MA5 and MA10) are both currently crossing upwards, signaling the possibility of short-term bullish continuation. If the price can break above 0.04886 with strong volume, we could see the trend continue towards the next resistance zone at 0.050, where more liquidity lies.
That said, there’s still significant overhead resistance to tackle. If the 0.04807 level gets rejected, we may see another pullback towards the 0.04400 area. The MACD shows a subtle shift, with the histogram turning positive, suggesting waning bearish momentum and the potential for an upward trend to gain strength.
Key levels to watch:
Immediate resistance: 0.04886
Support: 0.04200 (a critical level for potential short-term reversals)
If price fails to maintain momentum above 0.04800, we might see another test of lower levels. Keep an eye on how the market behaves around 0.04886 for signs of either a breakout or further consolidation #PostToWinNIGHT🔥
#PostToWinNIGHT:
$NIGHT