NIGHT daily volume close to 8 billion! Analyst: Speculative challenge for the $0.30 target

The Midnight (NIGHT) token has surged 52% over the past week, with daily trading volume nearing $8 billion and a market capitalization exceeding $1.5 billion, placing it among the top 50 crypto assets. Vuori Trading analysts have observed that NIGHT is breaking through the Wyckoff wave pattern and predict that the price will pump over 200% after a brief pullback, reaching $0.30.

NIGHT How to rise from obscurity into the top 50?

(Source: CMC)

The NIGHT Token was launched on December 8, 2025, as part of the “Hilo” phase, completing an astonishing leap from a new coin to a mainstream token in just two weeks. The recent pump has pushed the market capitalization of NIGHT beyond well-known projects like Ethena, Worldcoin, and ONDO, all of which were star coins in 2024. NIGHT has entered the top 50 Crypto Assets, showing the market's renewed focus on privacy narratives and the Cardano ecosystem.

The core value proposition of Midnight Network is programmable privacy. Unlike completely transparent public chains and completely anonymous privacy coins, NIGHT offers a middle path through zero-knowledge smart contracts: users can selectively disclose transaction information, striking a balance between privacy protection and compliance requirements. This “optional privacy” model is particularly attractive to businesses and institutional users, as they need to protect sensitive commercial information while meeting anti-money laundering and tax reporting requirements.

NIGHT Token powers the security and governance of the Midnight Network, and more importantly, it is used to generate DUST. DUST is a renewable resource used to pay transaction fees, and this dual token economic model separates governance rights (NIGHT) from utility rights (DUST), avoiding conflicts between governance and trading demands in a single token system. Users holding NIGHT can stake to generate DUST, which can be used to pay transaction fees or sold to other users, creating a passive income stream.

Wyckoff pattern breakout indicates 200% big pump potential

(Source: Trading View)

Analysts at Vuori Trading have observed that the NIGHT Token is currently breaking through the Wyckoff wave pattern, which is a highly convincing bullish signal in technical analysis. The Wyckoff Method is a market analysis framework developed by legendary Wall Street trader Richard Wyckoff in the 1930s, and its core logic is to identify the four phases of accumulation, markup, distribution, and markdown of large capital (Smart Money).

Currently, NIGHT is at the end of the Wyckoff accumulation phase, preparing to enter the uptrend phase. Analysts believe this could trigger a brief pullback (known as the “last dip” or Spring in Wyckoff theory), after which the price is expected to big pump over 200%, reaching $0.30. Based on the current price of about $0.10, the target of $0.30 represents a 200% increase. This prediction is not based on subjective speculation, but rather on historical statistical data of the Wyckoff pattern.

The daily trading volume of 8 billion USD provides strong support for this prediction. Typically, a Token with a market capitalization of 1.5 billion USD is considered active if its daily trading volume is between tens of millions to hundreds of millions of USD. The volume of NIGHT has reached more than 5 times its market capitalization, and this extreme turnover rate indicates a very high level of market participation, also suggesting that large funds are actively accumulating positions. In Wyckoff theory, high trading volume during the accumulation phase is a hallmark of Smart Money absorbing shares.

NIGHT's Three Major Bullish Signals from a Technical Perspective

Perfect Moving Average Alignment: The price is trading above the rising 20, 50, and 100-day moving averages, and these moving averages begin to spread out, which is a classic sign that trend momentum is strengthening.

RSI Strong Overbought: Has entered the overbought zone nearing 70, reflecting strong buying pressure. Although it may indicate a short-term pullback, it more often signifies a strong trend in the early stage of expansion.

Support Level Conversion Successful: The price has successfully broken through the previous resistance level near $0.07, and this level has now converted into a support level, confirming a structural shift favorable to buyers.

0.09 USD support determines the subsequent pump

NIGHT/USDT shows a clear bullish continuation pattern on the 4-hour chart, successfully breaking out after a prolonged period of consolidation. The price is currently consolidating briefly below $0.11, indicating that NIGHT is digesting its gains rather than distributing profits, which is a sign of a healthy upward trend.

The key to the technical structure lies in the range of 0.09 to 0.10 dollars. If the price receives effective support when pulling back to this area, it will confirm that this is a normal technical adjustment rather than a trend reversal. During the previous upward process, NIGHT had seen concentrated trading in this range, with these buyers' costs concentrated here, giving them a strong motivation to defend when the price falls back near their cost.

If the support level at 0.09 USD can be maintained, the technical structure is favorable for the NIGHT price to continue rising towards the 0.14 to 0.16 USD region. This target range is the intersection of previous highs and Fibonacci extension levels, and a breakout will open up further upside potential. If the upward momentum continues, the next target will be the 0.19 to 0.22 USD region, ultimately challenging the analyst's forecast of 0.30 USD.

The opposite scenario must also be considered. If NIGHT breaks below the support of 0.09 USD, the bullish narrative will be questioned, and the price may pull back to retest the previous resistance turned support at 0.07 USD. In a more extreme case, if 0.07 USD is also lost, NIGHT may retest the low point area from its launch period, which would characterize the current rise as a “false breakout.”

Cardano Ecosystem Revival and Privacy Narrative Boost

The big pump of NIGHT also reflects signs of revival in the Cardano ecosystem. As an established public chain, Cardano has performed relatively poorly over the past year, but the success of the Midnight Network may inject new vitality into the entire ecosystem. As Cardano's privacy sidechain, Midnight inherits the security and decentralization characteristics of Cardano while introducing zero-knowledge proof technology, filling the gap in privacy protection for Cardano.

Privacy narratives are regaining market attention in 2025. With regulatory tightening and increasingly powerful on-chain data analysis tools, the demand for transaction privacy from users and businesses has significantly increased. The programmable privacy solutions provided by NIGHT allow developers to build applications that protect user privacy while meeting compliance requirements, which has broad application prospects in areas such as DeFi, supply chain finance, and enterprise blockchain.

The daily trading volume of 8 billion USD not only reflects the speculative enthusiasm but also shows that NIGHT has gained sufficient liquidity support. For investors looking to enter the market, high liquidity means that they can buy or sell close to the market price without causing significant slippage due to large orders. This liquidity advantage allows NIGHT to stand out among many new coins.