Cardano ecosystem Midnight Token big pump 50%, NIGHT price hits an all-time high

Driven by strong investor demand, the native token NIGHT of the Cardano ecosystem project Midnight has recently continued to strengthen, with its price soaring nearly 50% at one point, setting a new all-time high. As a privacy computing project associated with Cardano founder Charles Hoskinson, Midnight is becoming the focus of market attention, and its token performance has clearly outperformed the market.

From a funding perspective, the rise of NIGHT is not driven by short-term sentiment. The Chaikin Money Flow (CMF) indicator has remained above the zero line, indicating that funds are in a net inflow state. Although the indicator has slightly retreated in the last 48 hours, there are no obvious signs of capital outflow, indicating that investor confidence remains solid. This structural buying provides support for NIGHT to operate at high levels.

The connection between the Midnight project and Charles Hoskinson is seen as an important added value for the valuation of NIGHT. The influence of the Cardano founder in the crypto industry enhances the market's expectations for the long-term development of the project and also increases the narrative appeal of NIGHT. In the current market environment that favors “strong narratives + new assets,” these contextual factors may continue to attract incremental funds.

The macro level is also favorable for NIGHT. Data shows that NIGHT has a low correlation with Bitcoin prices, allowing it to maintain a relatively independent upward trend during periods of Bitcoin volatility and uncertainty. Historical experience indicates that during BTC's sideways or retracement periods, low-correlation tokens are more likely to achieve short-term excess returns, which is one of the reasons for NIGHT's outstanding performance recently.

In terms of price trends, NIGHT has increased by about 42.7% in the past 24 hours, reaching a maximum of 0.096 USD during the session, setting a new historical high, and the current price is close to 0.093 USD. If the current momentum continues, NIGHT is expected to further challenge the 0.100 USD integer level. Entering the “10 cent range” not only has psychological significance but may also attract more short-term and trend-based funds to participate.

However, the risks cannot be ignored. Once the profit-taking at high levels becomes concentrated, the NIGHT price may test the support level at 0.075 dollars; if this level is lost, the possibility of further decline to 0.060 dollars will significantly increase, undermining the current bullish structure. Overall, behind the historical high of the Midnight Token price is the resonance of narrative, funding, and structural advantages, but short-term volatility risks still need to be monitored.