Get our latest news first. Add us as your Preferred Source on Google and tap "Star" to prioritize our updates
Midnight price prediction for this week stays bullish above $0.0331, the level NIGHT needs to hold to keep its September breakout alive
NIGHT is holding just above its 200-day EMA at $0.03312, trading near $0.03351, and a daily close above that line would confirm the hold
The rally started with a break above the descending trendline from the March high, which had capped rebounds in June and July. It has left the 20-day EMA at $0.02556, the 100-day at $0.02503 and the 50-day at $0.02346 well below price
RSI has climbed to 80.09, well into overbought territory, so the move may need to cool even if the breakout holds. The next hurdle is $0.0350, the early-July high
Related: XRP Price Prediction October 2026: XRP Eyes $1.70 in October as Its Triangle Nears a Breakout
I keep saying I believe $NIGHT is going to pull a $ZEC, and I’ve explained why.Zcash built its name on private payments. Midnight is bringing privacy into smart contracts and apps using zero-knowledge proofs. Prove what you need to prove without showing everybody your business.…
Crypto commentator David Gokhshtein posted on X that he expects NIGHT to follow Zcash’s run. He argues Midnight brings privacy to smart contracts and apps through zero-knowledge proofs, which let users prove a claim without exposing the data behind it, while Zcash built its name on private payments
Related: Ethereum Price Prediction October 2026: ETH Targets $3,000 in October as Short Positions Stack Up
Cheeky Crypto Unfiltered reported that Cyber Capital founder Justin Bons challenged Midnight’s decentralization after Cardano founder Charles Hoskinson predicted the network could outperform Zcash. According to that account
The host said the criticism is premature because the token distribution isn’t finished. He also said he owns NIGHT and bought more today, so his view is that of an interested party. The allegations are Bons’s claims as relayed in the video, not verified onchain data
NIGHT holds the 200-day EMA at $0.0331 and closes a day above the $0.0350 early-July high, which puts $0.0400 in range. RSI above 80 leaves room for a pullback before any push higher
NIGHT is rejected at the 200-day EMA and loses the $0.0300 round-number support. A slide to the 20-day EMA at $0.02556 would be a drop of about 24% and would put the 100-day EMA at $0.02503 next
Related: Bitcoin Price Prediction October 2026: BTC Eyes $90,000 in October as Fed Hike Odds Slide Below 50%
NIGHT could extend toward $0.0350 and then $0.0400 if it holds above the 200-day EMA at $0.0331. Losing that level risks a pullback toward $0.0300 and then the 20-day EMA at $0.02556
It would need a gain of about 49% from $0.03351 and would first have to clear resistance at $0.0350 and $0.0400. The descending trendline that capped the downtrend started from a March high above $0.05, so that level would mark a return to the start of the decline
By RSI, it is. The reading of 80.09 sits above the 70 line that traders treat as overbought, which means the rally has moved fast and may cool, though strong trends can stay overbought for a while
Cyber Capital founder Justin Bons alleged that Midnight validators moved to closed-source code and that two founding entities hold 50.25% of NIGHT supply. Charles Hoskinson rejected the claims, saying the network runs in a federated mode while it works toward more node decentralization
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company
Coin Edition is an independent digital media company that focuses on news from the blockchain and crypto space
Join over million readers and get the latest posts delivered straight to your inbox
