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Midnight crypto drops 12% but holds key $0.041 support, hinting at 26% rebound potential.

Technical Signals
16 Oct 2026
AMBCrypto
View Source
Neutral
Midnight crypto drops 12% but holds key $0.041 support, hinting at 26% rebound potential.

Midnight (NIGHT) cryptocurrency has fallen 12% this week amid inflation-driven market weakness but found support at $0.041, a crucial short-term level. If this support holds and the broader market stabilizes, NIGHT could rebound by up to 26%. However, a break below this support and moving averages could lead to further declines toward $0.035 or $0.029. The price movement is closely tied to the privacy crypto sector, which has been consolidating recently. A potential short squeeze above $0.05 could trigger a price reversal, but worsening U.S. inflation or Bitcoin declines may push NIGHT lower.

Midnight (NIGHT) holds a market cap of Rp12,88 trillion and shows strong buying interest on Pluang with 61% of order activity as of Oct 16, 2026, 18:41 WIB. The price is up 6.71% in the last day, trading at Rp797, while Bitcoin (BTC) also gained 2.09% to Rp1.482.415.439. Typical hold time for NIGHT on Pluang is relatively short at 8 days, indicating active trading among investors.

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