Reviewed by Reviewed by Saman Waris Updated 18:00 EDT September 30, 2026 Share Share Share Back to Top Since holding $0.22 support a week ago, Midnight [NIGHT] has shown relative strength, closing with higher highs. The altcoin extended its bullish structure with the end of September, flipping $0.03 resistance and rising to $0.33
NIGHT has not reached these levels since early July. As of this writing, Midnight was trading around $0.032, up 13% on the daily charts
The price hike was backed by a strong jump in both trading volume and daily turnover. The Spot volume climbed 50% to $54 million while the daily turnover rose $26 million, reflecting strong buy-side activity
Midnight saw strong expansion on the charts and flipped $0.03 driven by positive chatter. After Weiss Crypto projected that NIGHT is likely to become one of the best players of the next two years, Charles Hoskinson agreed
Hoskinson’s assessment sparked heated debate, with some agreeing and others expressing skepticism. DeFi Warhol, for example, argued that at the current pace, two weeks of Zcash’s activity equals Midnight’s entire public transaction count
With Zcash enjoying over 10 years of liquidity, it would be nearly impossible for Midnight to close the gap in such a short term, DeFi Warhol concluded
The public discourse around NIGHT brought about increased market activity. The derivatives market especially saw fresh participation
According to CoinGlass data, the altcoin’s Open Interest rose 17% to $23.8 million while the derivatives volume jumped 88% to $77.6 million. The rising OI implied that investors rushed to open leveraged bets
Meanwhile, the Long/Short Ratio on Binance climbed to 1.4, with top trader positions rising to 2.9. However, the overall ratio has yet to move above 1, implying that most traders are still anticipating the market to drop
Presently, NIGHT sits structurally strong. Notably, its MACD has held within an upward trajectory. Likewise, the True Strength Index (TSI) has also held within the upward trajectory
Combined, the two indicators signal the likelihood of the trend’s continuation. If demand is sustained, Midnight will reclaim $0.034, leaving $0.04 as the next significant resistance
However, the Spot market is still under pressure from profit realization. Over the past 24 hours, for example, $11.5 million worth of NIGHT flowed into exchanges compared to. $10 million in outflows
With the sellers active on the Spot, they are likely to derail the recent uptick. Continued selling activity here will see Midnight fall back to $0.027
Gladys Makena is a Cryptocurrency and Financial Analyst at AMBCrypto with four years of market analysis experience. Her quantitative expertise is supported by a strong background in Finance, providing a solid foundation for a data-driven approach. At AMBCrypto, Gladys is committed to providing the community with timely and insightful news, reports and technical analysis
