Crypto & Forex February 20, 2026 0 Comments

Unlocking NIGHT’s Surge: The Strategic Breakthrough Behind Today’s Price Spike You Can’t Afford to Miss!

Ever wonder if a token named “Midnight” could shine bright enough to outpace the darkness of market uncertainty? Well, Midnight [NIGHT], the privacy-focused Cardano [ADA] sidechain, is gearing up to debut in the final week of March and it’s already making waves. NIGHT’s utility token has crept up with an impressive 8.78% gain over just 24 hours, and an eye-popping 23.78% over the week—talk about turning the tables on resistance! What’s more intriguing is that the previous resistance at $0.05 has flipped to support, carving out a crucial battleground between $0.056 and $0.060 where the bulls are starting to call the shots. The burning question now is: will they muster enough momentum to spark a rally all the way to $0.10 and beyond, or will sellers send NIGHT back into the shadows? Stick around, because this price showdown might just hold some hard-earned lessons for swing traders and crypto enthusiasts alike. LEARN MORE

Midnight [NIGHT], the privacy-focused Cardano [ADA] sidechain, is scheduled to go live in the final week of March. Thanks to this update, the utility token NIGHT posted strong gains recently.

According to CoinMarketCap, it was up 8.78% in 24 hours and up 23.78% in a week at press time. According to AMBCrypto, the former resistance at $0.5 had been flipped to support too.

A closer look at the price charts revealed that $0.056-$0.060 is a key area for NIGHT bulls. Now that they have reclaimed this area as their own, can the bulls drive a rally to $0.10 and beyond?

NIGHT back above a key retracement level

Source: NIGHT/USDT on TradingView

The internal structure on the 6-hour timeframe was bullish, and has been since NIGHT pushed above $0.05 on Friday, 06 February. Since then, the price has made higher highs and higher lows.

However, the higher timeframe momentum wasn’t strongly bullish. The deep retracement to the local low at $0.04 underlined the strength of sellers, which was a threat to the bulls on the way to recovery.

The CMF was back at +0.01 after climbing to +0.23 on 18 February. It was an early sign that the buying pressure might not be a sustained push, which could slow any further gains. Meanwhile, the DMI showed that a strong uptrend was in progress, agreeing with the findings based on the internal structure.

Bulls should resist FOMO and arguments of relative strength

Bitcoin [BTC] has been oscillating between the $65k and $71k levels over the past two weeks. If BTC can climb higher, it could see renewed enthusiasm among altcoins, including NIGHT. Until then, swing traders need to remain wary.

Source: CoinGlass

The 1-month liquidation heatmap showed that NIGHT had just tagged a significant cluster of short liquidations at $0.063-$0.065. The lack of clear, sustained demand and early candlestick signs of buyer exhaustion at this zone were worrying too.

It is possible that the sweep of the magnetic zone at $0.065 would be followed by a descent to the $0.054 area next. Traders need to watch out for this possibility and beware of going long early.

Final Summary

The sweep of the liquidity at $0.065 may be a strong indication that a temporary pullback was brewing.
The $0.056-$0.060 area is a short-term demand zone that swing traders can expect a bullish reaction at.

Disclaimer: The information presented does not constitute financial, investment, trading, or other types of advice and is solely the writer’s opinion.