I opened the app at 5 AM today and kept looking at this 4-hour candle for a good while without being able to close the screen.
$NIGHT in $0.04698. The maximum in the last 24 hours was $0.04939, minimum $0.04632. Volume of 21.59 billion NIGHT — that's absurd for a token at this price level. In USDT, it passed $1.03 billion in 24 hours.
But what caught my attention wasn't the price. It was the technical structure.
The MACD on the 4-hour is showing DIF at 0.00059, DEA at 0.00048, positive histogram at 0.00011. Bullish crossover confirmed. The MA(7) is at $0.04766 — above the current price, indicating that the price is still digesting the recent pump. MA(25) at $0.04556 serving as dynamic support. The RSI(6) is at 48.49 — literally neutral, no overbought, no oversold. Entry zone without euphoria.
The chart formed a bottom at $0.04188 and made a clean recovery of almost 19% before stabilizing where it is now. This is healthy retracement, not reversal.
And all of this happening in the week of the mainnet Kūkolu of @MidnightNetwork .
I have talked before about the DUST mechanism — since you don’t spend NIGHT to use the network, you hold to generate capacity. But today I want to talk about something different: what this volume says about who is buying.
More than $1 billion in USDT volume in a coin that is lateralizing is not panic selling. Panic has dumps. This is rotation — people exiting, people entering, price holding. And when the price holds with high volume, it’s usually because strong hands are absorbing.
I do not hide the risks: there is a quarterly unlock of supply scheduled until December 2026, constant pressure. The MA(7) is still above the price, meaning there is still short resistance to overcome. And the "sell the news" on the mainnet is always real.
But with neutral RSI, positive MACD, support from the MA(25) holding, and institutional volume — the setup here is not at a peak.
Note: $0.04698 today, March 25, 2026, week of Kūkolu.
$NIGHT #night @MidnightNetwork
