There are several noteworthy points in NIGHT's recent trend. The daily chart has formed a bottom V-shaped reversal, and on the 15-minute chart, multiple resistance levels have been broken consecutively. These technical signals are quite clear. From on-chain data, it can also be observed that the main funds are quietly accumulating, with obvious signs of absorption. The current price is at 0.0893, which from a technical perspective is indeed at a critical breakout point. Whether chasing highs in the short term or positioning at low levels, the current price is worth close attention.
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
11 Likes
Reward
11
4
Repost
Share
Comment
0/400
ForkYouPayMe
· 01-05 15:02
Oh my, the V-shaped reversal is happening again. This time, it feels different.
View OriginalReply0
GateUser-c802f0e8
· 01-05 00:54
I'm tired of hearing about the bottom V-shape; every time it's mentioned, I end up holding on tightly anyway.
View OriginalReply0
PessimisticLayer
· 01-05 00:53
Uh... another V-shaped reversal, and the main force accumulating, I'm tired of hearing this explanation.
View OriginalReply0
SatoshiHeir
· 01-05 00:36
It should be pointed out that your V-shaped reversal argument still has flaws. What does on-chain data show about "major players quietly positioning"? Can specific wallet addresses be provided, or are you just storytelling again?
Obviously, the price level of 0.0893 has no technical support; it is merely a psychological integer. Based on the fundamental thinking from the white paper, this kind of analysis is far from true value consensus.
I have examined all the "key breakthrough points" in history, and 90% of them have become altars for retail investors to get caught holding the bag. I suggest everyone keep their eyes open.
There are several noteworthy points in NIGHT's recent trend. The daily chart has formed a bottom V-shaped reversal, and on the 15-minute chart, multiple resistance levels have been broken consecutively. These technical signals are quite clear. From on-chain data, it can also be observed that the main funds are quietly accumulating, with obvious signs of absorption. The current price is at 0.0893, which from a technical perspective is indeed at a critical breakout point. Whether chasing highs in the short term or positioning at low levels, the current price is worth close attention.