NIGHT continues to trade under heavy sell pressure, sliding into a clear intraday downtrend after losing the 0.050 support zone. Price is sitting near 0.04689, only slightly above the new session low at 0.04381. All three moving averages slope sharply downward, confirming that sellers remain firmly in control. The drop accelerated once liquidity thinned between 0.048 and 0.047. A wave of market sells pushed through that pocket with almost no absorption from larger wallets, which shows whales are not defending the level yet. Funding remains neutral, so this is not a leverage flush but a steady unwind driven by spot and small sized short rotations.
Volume has been consistent during the decline, not spiking excessively. That suggests a controlled trend rather than panic selling. MACD stays deep under zero with no bullish divergence, signaling that momentum remains bearish even after the bounce off 0.04381.
Short term resistance now sits at 0.04750 to 0.04800, right where price recently rejected the MA10. Bulls need a strong reclaim of that band to shift the trend back toward balance. If NIGHT breaks above 0.048 with rising volume, the next rotation could target 0.04920 where more liquidity is stacked.
If sellers take price back under 0.04450, the trend likely extends into the lower liquidity zone around 0.042. For now NIGHT remains in a clean downtrend, and buyers will need more conviction before the market can form a stable reversal. #PostToWinNIGHT🔥 #PostToWinNIGHT #PostToWinNIGHT.
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NIGHT/USDT Market Update
NIGHT continues to trade under heavy sell pressure, sliding into a clear intraday downtrend after losing the 0.050 support zone. Price is sitting near 0.04689, only slightly above the new session low at 0.04381. All three moving averages slope sharply downward, confirming that sellers remain firmly in control.
The drop accelerated once liquidity thinned between 0.048 and 0.047. A wave of market sells pushed through that pocket with almost no absorption from larger wallets, which shows whales are not defending the level yet. Funding remains neutral, so this is not a leverage flush but a steady unwind driven by spot and small sized short rotations.
Volume has been consistent during the decline, not spiking excessively. That suggests a controlled trend rather than panic selling. MACD stays deep under zero with no bullish divergence, signaling that momentum remains bearish even after the bounce off 0.04381.
Short term resistance now sits at 0.04750 to 0.04800, right where price recently rejected the MA10. Bulls need a strong reclaim of that band to shift the trend back toward balance. If NIGHT breaks above 0.048 with rising volume, the next rotation could target 0.04920 where more liquidity is stacked.
If sellers take price back under 0.04450, the trend likely extends into the lower liquidity zone around 0.042. For now NIGHT remains in a clean downtrend, and buyers will need more conviction before the market can form a stable reversal.
#PostToWinNIGHT🔥
#PostToWinNIGHT
#PostToWinNIGHT.
$NIGHT