Technical Analysis: Whales Are Accumulating, Breakout Is Confirmed
The technical analysis of NIGHT’s chart is unequivocal. The price has recently broken through a key resistance level (the “Range High” at $0.075) and is heading toward new highs. But the most interesting development lies beneath the current price. Massive order blocks have formed on the 6-hour and 4-hour charts, in the $0.06 to $0.07 zone.
These blocks, visible through advanced volume profile indicators, represent zones where major players (whales) have accumulated positions. This is an extremely positive dual signal: not only does it confirm strong institutional interest, but it also creates an extremely solid support zone in case of a retracement.
In other words, the market has built a genuine demand wall below the current price, limiting downside risk and setting the stage for the next bullish wave.
Currently, the next targets are positioned around $0.11 and $0.12, then toward $0.15. This would represent a gain of more than 60% from the current price. The breakout is confirmed, and now it’s crucial to monitor the RSI and CVD to anticipate a potential trend reversal.
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NIGHT Dominates Cardano
As a result, NIGHT has become the largest token in the Cardano ecosystem by market capitalization, surpassing all other projects.
This leadership status is significant and is attracting a new wave of investors. Moreover, Midnight recently activated a revolutionary feature: the ability to trade securities natively on the blockchain, while preserving privacy through Zero-Knowledge technology.
This breakthrough, combined with the upcoming arrival of a privacy-focused stablecoin partner, positions Midnight as an essential hub for on-chain institutional finance. The project also benefits from full support from the Cardano ecosystem, with a proposal to allocate part of Cardano’s treasury to its development.
In conclusion, the convergence of a bullish market structure, visible whale accumulation, and powerful fundamental catalysts creates a perfect storm for the NIGHT token. As the price tests new highs, the support zone between $0.06 and $0.07 becomes the strategic entry point for those who believe in the future of confidential finance on Cardano.
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