NIGHT correction triggers panic! Technical indicators suggest a bottoming out, and the Christmas rally rebound is imminent

Midnight（NIGHT） price drops to $0.07326, down 3.5% in 24 hours. The pre-Christmas correction has investors worried. However, technical indicators show that RSI has fallen close to 30 in the oversold zone. As the first privacy smart contract platform on the Cardano network, NIGHT has performed well above market average since its launch, and the current technical compression may be building momentum for a Christmas miracle.

Triple technical signals indicate a bottom and rebound

(Source: Trading View)

Today’s NIGHT chart shows recent loss of upward momentum, but deeper analysis reveals a more optimistic outlook. The Relative Strength Index (RSI) has fallen into the oversold zone near 30, a classic rebound signal in technical analysis. When RSI drops below 30, it usually indicates that selling pressure has been fully released, market sentiment is overly pessimistic, and a technical rebound could occur at any time.

Three major technical indicators signal a bottom simultaneously

RSI approaching oversold zone: Current reading near 30 and continuing to decline, with historical data showing a rebound probability over 70%

MACD turning negative and bottoming out: Today’s negative value approaching extreme levels, with fast and slow lines converging, indicating a trend reversal is imminent

Symmetrical triangle convergence: Since its launch in early December, the price has been trading within a narrowing triangle pattern, and the approaching convergence point suggests a breakout is imminent

The MACD indicator’s performance is equally critical. The orange and blue lines turned negative today and are approaching the bottom. MACD is a trend-following indicator; when it forms a golden cross at low levels, it often signals the end of a downtrend and the start of a new upward move. Current setup suggests such a crossover could occur within the next few days.

Most exciting is the convergence of the triangle pattern. Since early this month, NIGHT’s price has been trading within a gradually shrinking triangle. This pattern is considered a continuation pattern in technical analysis, implying the breakout direction is likely to follow the previous trend. Given NIGHT was in an uptrend before entering the triangle, the probability of an upward breakout is higher. The apex of the triangle is approaching, indicating a major move could be near.

Exchange listing catalysts are brewing

Beyond technical compression, fundamental catalysts should not be overlooked. One key factor driving NIGHT’s breakout could be the listing on more mainstream exchanges. Currently, the largest compliant crypto exchange in the US has not listed NIGHT, and many other major exchanges also do not support this token. This “absence” is actually a potential source of explosive growth.

Listing on major exchanges typically provides significant price boosts. There are three reasons: first, mainstream exchanges have large user bases, so listing means access to millions of potential buyers. Second, being listed on a major exchange is a stamp of project quality, boosting market confidence. Third, listings are often accompanied by marketing efforts, giving the token additional exposure.

For NIGHT, listing on the largest compliant US exchange is especially crucial. The US’s top compliant crypto exchange has very strict listing standards; any token passing their review gains extra trust from the market. Additionally, their institutional client base is large; once NIGHT is listed, it could attract institutional interest. Analysts on social media have already predicted that if an announcement of listing on the largest US compliant exchange occurs in the coming days, NIGHT’s price could quickly regain the momentum seen in recent weeks.

Cardano’s first privacy smart contract platform

Fundamentally, NIGHT’s long-term prospects depend on its technological uniqueness. Midnight is one of the first platforms allowing privacy-first programmable dApps and protocols. This positioning sets it apart from traditional privacy coins like Monero or Zcash. Monero and Zcash focus on private transfers, while NIGHT supports privacy smart contracts and applications.

This differentiation unlocks new use cases. Enterprises can build privacy-sensitive dApps on Midnight, financial institutions can develop compliant DeFi applications, and individuals can use decentralized services that protect personal data. In an era where data privacy is increasingly valued, the combination of “privacy + programmability” has huge market potential.

Choosing to build on the Cardano network is also significant. Cardano is known for its academic-driven development approach and high decentralization. Its Proof of Stake consensus offers high efficiency and low energy consumption. Midnight inherits these advantages and, through zero-knowledge proof technology, achieves privacy protection. This tech stack combination is unique in today’s market.

Investor recognition of this uniqueness is the core reason for NIGHT’s strong performance since launch. Despite the overall market being affected by negative sentiment and concerns related to the AI bubble, NIGHT has still risen 15.5% in two weeks, demonstrating strong demand for privacy smart contract platforms. Crypto analysts on social media generally believe that NIGHT is one of the most promising small-cap tokens, with potential for substantial returns.

Price targets and risk considerations

(Source: Trading View)

Based on technical oversold signals, exchange listing catalysts, and the fundamental value of its uniqueness, NIGHT’s short- and medium-term price targets are promising. After the current correction ends, it could reach $0.10 by the end of this year, representing approximately 36% upside from current levels. This target is realistic, as it only requires NIGHT to return to mid-December prices.

In the medium term, by Q2 2026, it could reach $0.20. This forecast is based on assumptions that: mainstream exchange listing is completed, the dApp ecosystem on Midnight begins to develop, and overall crypto market sentiment improves. A $0.20 target implies about 173% growth from current prices, which is not uncommon in small-cap privacy coins.

However, risks should not be ignored. NIGHT is still in the price discovery phase, with limited historical data reducing the reliability of technical analysis. Actual adoption remains unverified; if Midnight fails to attract developers and users, long-term value could be questioned. Additionally, privacy coins face ongoing regulatory risks; any adverse policy changes could impact the price.