Cardano’s Midnight: The Crypto That Went to Bed Early 😴

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Well, well, well… Cardano’s Midnight (NIGHT) isn’t exactly burning the midnight oil anymore, is it? 🕯️ The asset’s price is doing the cha-cha slide-downward! In the last 24 hours, NIGHT took an 8% nosedive, which is quite the plot twist after its “impressive” 18% weekly gain. Investors are now scratching their heads, wondering if this so-called “new Cardano” will ever lose a zero-or just lose their money. 🤷‍♂️

Midnight RSI: Overbought, Overhyped, Over It

According to CoinMarketCap (the oracle of crypto despair), Midnight’s Relative Strength Index (RSI) hit a whopping 67. That’s right, folks-overbought like a Black Friday shopping spree! 🛍️ Traders saw that 18% weekly gain and thought, “Time to cash out before this turns into a pumpkin!” 🎃 And boy, did they-price got rejected harder than a bad pickup line at $0.09.

The profit-taking frenzy was so intense, even the trading volume got stage fright-dropping 18.53% to a measly $94.68 million. Reduced liquidity? More like reduced enthusiasm! 📉 Now the volatility outlook is shakier than a Jenga tower in an earthquake.

Market watchers are clutching their pearls because if Midnight slips below $0.085, it might just freefall to $0.075-$0.08. That’s not a dip-that’s a belly flop! 💦

As of press time (which is always a dramatic phrase), Midnight is trading at $0.08814, down 8.56% in 24 hours. NIGHT went from a daily high of $0.1015 to… well, let’s just say it’s not morning yet. ☕

Here’s the kicker: Midnight has lost 95.14% of its value in just 21 days. That’s faster than my New Year’s resolutions! 🎉 Remember its all-time high of $1.81 on Dec. 9, 2025? Yeah, neither do investors.

Despite Midnight’s “massive adoption” (read: a few people clicked “buy”), NIGHT has all the momentum of a sloth on sedatives. 🦥 The privacy protocol once boasted over $3.5 billion in trading volume-now it’s just a ghost town with a “For Sale” sign.

Privacy Hype? More Like Privacy Nope.

Turns out, the initial price spike was just the crypto market’s latest infatuation with privacy coins. Midnight rode the wave like a surfer… until the wave crashed. 🌊 Other privacy coins like Zcash are still wobbling around, but Midnight? It’s more like a candle in the wind. 🕯️💨

Right before Christmas, Midnight surged 20% while the broader market grew a thrilling 0.98%. 🎄📈 Investors were betting on sustained momentum, but let’s be real-this isn’t a marathon; it’s a sprint… to the bottom.

And despite all this drama, Midnight somehow clawed its way into the top hundred crypto assets. Congrats, I guess? 🏆 It’s like winning “Most Likely to Succeed” in high school and then becoming a professional couch tester.

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2025-12-31 14:24