Midnight priceNIGHT

$NIGHT is under strong selling pressure after a sharp breakdown from the 0.088–0.090 area. Price is trading well below short-term averages, momentum is clearly bearish, and volume expanded on the downside, signaling continuation rather than a quick bounce. As long as NIGHT stays below the 0.080–0.082 resistance zone, sellers remain in full control and any small pullback into this range can be used for short scalps. A clean break below 0.07560 opens the door for further downside acceleration. Only a strong reclaim above 0.083 would weaken this bearish structure.

⚡️ Cardano Midnight Genesis Block May Emerge in 90 Days Cardano Midnight has entered the second level, known as the Kukolu phase, for this quarter. As per the road map, this transition to a stable mainnet marks the first of three other phases scheduled for 2026. 🔸 Kukolu phase signals stable mainnet for Cardano Midnight According to an update from the team, the Kukolu phase is the "safe port" signaling that the foundation is stable enough for real applications to go live. It means that builders can now start deploying real products without any concerns over resets or failures on the network. Additionally, the network’s native token, NIGHT, can be traded and used within the ecosystem, as there is enough liquidity for normal usage. That is, users can freely carry out transactions and are guaranteed incentives as the economic layer of the network has become fully active. Given that Cardano Midnight is a privacy-centric blockchain, the team has assured that dApps are being designed to ensure users’ data is protected by default. This will make confidential transactions seamless on the network while protecting the user's identity. With all these officially up and running, Cardano Midnight looks forward to developers and partners to build. "The time is now, Midnight is entering the explosive real-world adoption era" it stated. 🔸 Market reaction, price performance and community concerns The community is already excited by the news of this Kukolu phase, with many looking forward to its use. However, some have expressed concerns about the timing of the project to coincide with the incoming bear market. A user asked, "Why was such a distant date chosen? I believe you are well aware that on that precise date, the crypto market will be in the bear market." Cardano Midnight, which launched in December 2025, hit an all-time high (ATH) of $1.81. However, market volatility has significantly impacted the asset, and it now trades below $1. #ADA #Cardano

$NIGHT made a strong push from the 0.0826 support but failed to sustain above the 0.0870–0.0875 zone. That level acted as clear rejection, and price is now rolling over, showing exhaustion after the impulsive move. The current structure suggests a short-term lower high forming, with buyers losing momentum and sellers stepping back in near resistance. As long as price stays below the 0.0870 area, downside scalps remain favored. This looks like a typical pullback after a liquidity grab, not a trend continuation. Only if price reclaims and holds above 0.0878 with strong volume. Below that, rallies are likely to be sold.

NIGHTUSDT