{"id":89308,"date":"2026-10-05T13:33:26","date_gmt":"2026-10-05T13:33:26","guid":{"rendered":"https:\/\/mudrex.com\/learn\/?p=89308"},"modified":"2026-10-05T13:33:30","modified_gmt":"2026-10-05T13:33:30","slug":"coin-of-the-week-midnight","status":"publish","type":"post","link":"https:\/\/mudrex.com\/learn\/coin-of-the-week-midnight\/","title":{"rendered":"Coin of the Week | Midnight [NIGHT] | 29th Sept – 5th Oct"},"content":{"rendered":"\n

Midnight\u2019s NIGHT<\/strong> is our Token of the Week after gaining roughly 70% over the past seven days<\/strong> and climbing to its highest level in around six months. The rally has pushed NIGHT back toward the $0.05 level<\/strong>, marking a strong recovery from the weakness seen earlier this year.<\/p>\n\n\n\n

\"\"
<\/figcaption><\/figure>\n\n\n\n

The biggest catalyst is anticipation around Midnight\u2019s upcoming v8 release<\/strong>, which is expected to enable private smart contracts and private tokens. This has renewed attention around Midnight\u2019s privacy-focused blockchain infrastructure within the broader Cardano ecosystem. Momentum also remains constructive: the chart shows an RSI near 59<\/strong>, while the MACD has moved into positive territory, suggesting buyers still have some momentum without the token being deeply overbought.<\/p>\n\n\n\n

The move is particularly notable given NIGHT\u2019s recovery from the July 2026 hack<\/strong>, which reportedly resulted in losses of around $13 million and pushed the token as low as $0.015<\/strong>.<\/p>\n\n\n\n

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<\/figcaption><\/figure>\n\n\n\n

Derivatives activity is also elevated. Aggregated open interest stands at roughly $22 million<\/strong>, showing traders remain actively positioned in NIGHT after the rally. At the same time, the average funding rate is around -0.0199<\/strong>, indicating a tilt toward short positioning. If prices continue higher, these shorts could add fuel to the move through short covering, although leveraged positioning can also increase volatility.<\/p>\n\n\n\n

\"\"
<\/figcaption><\/figure>\n\n\n\n

The liquidation heatmap shows a significant concentration of liquidity above the current price, particularly around $0.052\u2013$0.054<\/strong>, making this an important zone to watch.<\/p>\n\n\n\n

The key risk is supply. Glacier Drop token tranches continue unlocking until December 2026<\/strong>, which could create periodic selling pressure.<\/p>\n\n\n\n

Buy NIGHT<\/div><\/a>
OR<\/span><\/div>
Trade NIGHTUSDT<\/div><\/a><\/div><\/div><\/div>\n","protected":false},"excerpt":{"rendered":"

Midnight\u2019s NIGHT is our Token of the Week after gaining roughly 70% over the past seven days and climbing to its highest level in around six months. The rally has pushed NIGHT back toward the $0.05 level, marking a strong recovery from the weakness seen earlier this year. The biggest catalyst is anticipation around Midnight\u2019s […]<\/p>\n","protected":false},"author":23,"featured_media":89312,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_eb_attr":"","_import_markdown_pro_load_document_selector":0,"_import_markdown_pro_submit_text_textarea":"","footnotes":""},"categories":[1889],"tags":[],"yoast_head":"\nCoin of the Week | Midnight [NIGHT] | 29th Sept - 5th Oct - Mudrex Learn<\/title>\n<meta name=\"description\" content=\"Midnight went up nearly 70% over the past week; a six-month high as anticipation builds for the v8 release.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mudrex.com\/learn\/coin-of-the-week-midnight\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Coin of the Week | Midnight [NIGHT] | 29th Sept - 5th Oct - Mudrex Learn\" \/>\n<meta property=\"og:description\" content=\"Midnight went up nearly 70% over the past week; 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