@MidnightNetwork The daily high and low fluctuations, currently reported at 0.04940, with a 24-hour decline of 2.91%. The chart clearly shows a continuous drop in volume following the high point of 0.05337, with the MACD negative value expanding, indicating that bears are controlling the pace. 0.04937 is today's low point, which is also the lower edge of the fluctuation in the past two weeks; breaking below this will open up space to 0.045.
It is worth noting the trading activity on Binance: 1.785 billion NIGHT traded in the last 24 hours, with a transaction value of 91.36 million USDT, and a turnover rate exceeding 100%, indicating intense turnover of holdings. The 90 million NIGHT prize pool activity is still ongoing, but the incentive effect is diminishing.
Kukolu stage claims that the "safe haven" is ready, but the price trend diverges from the fundamentals. The mainnet upgrade at the end of March is the last catalyst window; before this, 0.049 is the bottom line, and 0.053 is the pressure point. Short-term players should keep a close watch on these two positions for breakouts.