The market structure in $NIGHT/USDT has validated the recovery scenario. After a phase of accumulation, the asset has strongly broken the barrier of 0.05100, reaching 0.05184 with an increase of +4.60%.
Analysis of the Depth Chart:
Demand Dominance: The order book shows a higher buying pressure (52.85%) compared to the supply (47.15%). This asymmetry in favor of buyers suggests a continuation in the momentum.
Support Wall: A solid base of staggered buy orders is observed from 0.05184 downwards, acting as a "floor" of protection for the current price.
The next technical objective is to consolidate the area of 0.05200 to convert the former resistance into a new structural support.
NIGHTUSDT
Perp
0.04731
+0.25%