NIGHT Price Analysis for December 29 - U.Today

Bulls could not hold the initiative for a long time, and most of the coins have come back to the red zone, according to CoinMarketCap.

Top coins by CoinMarketCap## NIGHT/USDT

NIGHT is the exception to the rule, rising by almost 10% over the last 24 hours.

Image by TradingViewOn the hourly chart, the rate of NIGHT keeps looking bullish. If the daily bar closes near the local resistance at $0.09594, the upward move is likely to continue to the $0.10 zone tomorrow.

Image by TradingViewOn the longer time frame, the price of NIGHT is in the middle of the wide channel, between the support of $0.074 and the resistance of $0.1199.

The volume has dropped, which means sideways trading around $0.10 is the most likely scenario this week.

Image by TradingViewFrom the midterm point of view, NIGHT was listed on exchanges a few weeks ago, which means it is too early to make any long-term predictions. In this case, one should focus on the peak at $0.1199. If its breakout happens, there is a chance to see a test of a new all-time high.

NIGHT is trading at $0.09452 at press time.