The NIGHT token is experiencing a mixed market outlook as it trades near $0.10, following a rejection at $0.115. Despite the spot outflows totaling $28 million, which indicate profit-taking and limit upward momentum, the bullish trend structure remains intact with higher lows. Key support is identified between $0.100 and $0.102, aligned with the VWAP, which buyers are actively defending.
Technical indicators show a potential short-term correction, with the Parabolic SAR flipping above the price and the 1-hour chart revealing a pullback towards the mid-Bollinger Band and trend support. A breakdown below the critical support zone could lead to a decline towards $0.088. However, the overall bullish trend is expected to persist as long as these key levels are maintained.
NIGHT Token Faces Mixed Signals Amid Spot Outflows and Bullish Trends
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
