$NIGHT NIGHT had a strong upside move earlier, followed by a sharp pullback. Right now, price is cooling down after that fast run-up, which is normal behavior after heavy momentum fades.
On the short timeframe, price is staying below short moving averages, showing sellers still have the edge. RSI is sitting near the lower zone, which suggests selling pressure is slowing and the market is trying to stabilize. Volume has dropped compared to the peak, meaning aggressive selling is easing. This often leads to sideways movement before the next decision. Short-term (next hours): Sideways movement is likely, with small bounces as buyers test support. Mid-term (next few days): If price holds this zone and volume slowly returns, a recovery toward previous consolidation levels is possible. Losing support may extend the slow correction. The chart above shows the strong rise, the pullback, and a possible stabilization path. This is only a personal market opinion, not financial advice. Always manage risk and trade responsibly.
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$NIGHT NIGHT had a strong upside move earlier, followed by a sharp pullback. Right now, price is cooling down after that fast run-up, which is normal behavior after heavy momentum fades.
On the short timeframe, price is staying below short moving averages, showing sellers still have the edge. RSI is sitting near the lower zone, which suggests selling pressure is slowing and the market is trying to stabilize.
Volume has dropped compared to the peak, meaning aggressive selling is easing. This often leads to sideways movement before the next decision.
Short-term (next hours):
Sideways movement is likely, with small bounces as buyers test support.
Mid-term (next few days):
If price holds this zone and volume slowly returns, a recovery toward previous consolidation levels is possible. Losing support may extend the slow correction.
The chart above shows the strong rise, the pullback, and a possible stabilization path.
This is only a personal market opinion, not financial advice. Always manage risk and trade responsibly.