🔥 Key Takeaways
- Midnight (NIGHT) price is experiencing a conflict between retail optimism and whale selling pressure.
- The cryptocurrency is down 6% in the past seven days but up nearly 7% in the last 24 hours.
- A critical price level of $0.10 must be maintained to prevent whales from derailing the price movement.
- Retail support is visible, but mega whales unloading supply can significantly impact the price.
Midnight Price Faces Whale Pressure Despite Retail Support
Midnight (NIGHT), a privacy project linked to Cardano, has seen a split week in terms of price movement. The cryptocurrency is down about 6% in the past seven days but has rallied nearly 7% in the last 24 hours. This conflicting price action reflects a deeper struggle between retail investors and mega whales. On one hand, retail optimism is driving the price up, but on the other hand, whales are unloading their supply at a pace that can potentially derail the upward movement.
Critical Price Level of $0.10
The current price action of Midnight (NIGHT) is critical, and the $0.10 level has become a crucial support zone. If the price fails to maintain this level, it may lead to further selling pressure from whales, potentially driving the price down. However, if the retail support continues and the price stays above $0.10, it could lead to a bullish rally. The conflict between retail and whale activity will be a key factor in determining the future price movement of Midnight (NIGHT).
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