Midnight continued its upward move as NIGHT stayed close to recent peaks despite brief waves of selling.
The token traded with a firm structure, suggesting bullish momentum remained intact in the short term.
Market behaviour showed buyers maintaining control even as some investors moved to secure profits.
Price action indicated confidence, with dips attracting demand rather than triggering sharp sell-offs.
Analysts observed that the broader trend still favoured upside continuation rather than reversal.
On-chain data revealed that the top 100 NIGHT holders trimmed their positions over the past week.
Combined holdings among these large wallets fell by roughly 14.5%, dropping from 236 million to 202 million NIGHT.
The reduction was viewed as strategic profit-taking rather than fear-driven distribution.
Large holders often reduce exposure near local highs to manage risk after strong rallies.
Despite this selling, the market absorbed supply without damaging the overall price structure.
Liquidity conditions appeared healthy, allowing transactions to clear without sharp volatility.
Broader metrics continued to support a constructive outlook for Midnight’s price action.
The buy-to-sell ratio showed buyers responsible for around 52% of total trading volume.
This imbalance suggested demand continued to outweigh supply across recent sessions.
Sustained buyer dominance often reflects confidence in longer-term value rather than short-term speculation.
Volume trends indicated accumulation remained active even during periods of consolidation.
NIGHT was trading near $0.095 at the time of writing, holding just below a key resistance level.
The $0.100 mark acted as a psychological barrier that capped recent advances.
A decisive break above this level could open the door to faster upside movement.
Technical projections placed the previous all-time high near the $0.120 region.
Reaching that level would require a price increase of roughly 25.7% from current levels.
Current demand indicators suggested such a move remained possible if momentum persisted.
Continued accumulation could support an attempt at new highs as the new year approached.
Analysts warned that risks remained if selling pressure increased unexpectedly.
A renewed wave of distribution could drag NIGHT back towards the $0.075 support area.
A fall below that level would weaken the bullish structure and shift momentum towards sellers.
At the time of reporting, Midnight price was $0.09599.