The @MidnightNetwork $NIGHT 1H chart shows a corrective phase within an ascending triangle. After peaking at $0.05523, price is now testing the lower trendline support at $0.04938.
Key indicators:
* EMAs: Trading below EMA(7) and EMA(25), suggesting short-term bearishness.
* Support: The yellow trendline must hold near $0.0490.
* Resistance: Reclaiming $0.0515 is required for a bullish breakout.
Watch for a bounce toward the upper yellow line to confirm the next leg up.