Midnight (NIGHT) token volume jumps 300% in a week amid ongoing price decline.

Midnight's NIGHT token saw a 300% increase in trading volume over the past seven days, signaling heightened market activity. However, despite this surge in volume, the token's price continues to decline, remaining in a long-term downtrend around $0.044-$0.045. The rising volume during a downtrend suggests distribution rather than accumulation, supported by net outflows and bearish market positioning. Investors should be cautious as increased activity does not equate to strength, with potential for further price drops or sideways movement unless NIGHT breaks above resistance near $0.05-$0.058.