$NIGHT Token price prediction: Can the privacy computing pioneer challenge the $0.30 target?

According to the latest data from Gate, as of December 23, Midnight ( $NIGHT ) is priced at $0.0803, experiencing a 18% pullback in the past 24 hours, but still maintaining a 43% rise over the past 7 days.

Its circulating market value reached 1.33 billion USD, ranking 51st in the entire market. The market's attention is focused on a key question: is this adjustment a healthy pullback in the rising trend, or a signal of the end of the rise?

01 Market Status: A Rising Star in Volatile Conditions

The market performance of the $NIGHT token can be described as a roller coaster. Since its launch on December 8 as part of the “Hilo” phase, it has experienced an initial drop of over 60%, followed by a strong rebound recently.

Currently, the circulating supply of $NIGHT is 16.6 billion coins, accounting for approximately 69.2% of the total supply of 24 billion coins.

According to the analysis released by Gate on December 23, the daily trading volume of $NIGHT once approached 8 billion USD, and the extremely high turnover rate indicates a very high level of market participation. This level of liquidity provides a solid foundation for price discovery and subsequent potential rise.

Despite an 18% pullback in price on December 23, technical analysts pointed out that the key support level is located in the 0.09 to 0.10 dollar range. If the price can gain effective support in this area, the current decline can be regarded as a normal technical adjustment.

02 Value-driven: Privacy Computing and Ecological Empowerment

The underlying value of $NIGHT comes from the Midnight Network behind it, which is a privacy-first Layer 1 public blockchain launched by Charles Hoskinson (founder of Cardano).

Unlike fully transparent public chains or completely anonymous privacy coins, Midnight offers a middle path of “programmable privacy” through zero-knowledge smart contracts.

The network adopts a unique dual-token economic model: $NIGHT tokens are used for network security and governance, and DUST can be generated through staking.

DUST is a renewable resource used to pay transaction fees. This design separates governance rights ($NIGHT) and usage rights (DUST), avoiding conflicts between governance and transaction demands in a single token system.

From an ecological perspective, the rise of $NIGHT also reflects signs of recovery in the Cardano ecosystem. As Cardano's privacy sidechain, Midnight inherits Cardano's security and decentralization features while introducing cutting-edge zero-knowledge proof technology.

03 Technical Signals: Wyckoff Patterns and Key Levels

Technical analysis provides an interesting perspective on the price movement of $NIGHT . Analysts at Vuori Trading have observed that $NIGHT is currently breaking out of the Wyckoff wave pattern, which is a compelling bullish signal in technical analysis.

The core concept of the Wyckoff method is to identify the four phases of accumulation, rise, distribution, and decline of large funds. Analysts believe that $NIGHT is currently at the end of the Wyckoff accumulation phase and may first experience a brief pullback (the 'last point'), after which the price is expected to rise significantly.

Currently, $NIGHT is showing several positive technical signals on the Gate platform: the moving averages are in perfect bullish alignment, and the price is trading above the rising 20, 50, and 100-day moving averages; the Relative Strength Index (RSI) has entered the overbought zone, but reflects strong buying pressure.

In terms of key resistance and support levels, the previous resistance near $0.07 has successfully turned into a support level. The current focus should be on the defense of the $0.09 support area, which will be an important basis for judging the subsequent trend.

04 Price Prediction: Short-term Pullback and Long-term Potential

Based on comprehensive analysis from various parties, the price forecast for $NIGHT presents the following outline:

Short-term forecast (end of 2025 - beginning of 2026)

Based on Wyckoff pattern analysis, the analysts at Vuori Trading have set an aggressive target: if the pattern breaks successfully, the price of $NIGHT is expected to challenge $0.30, with a potential rise of about 200% from the current price. Hexn's forecast is relatively moderate, predicting that by January 2026, the price may reach $0.1155.

Medium-term outlook (2026 - 2027)

Gate's own prediction model indicates that by 2026, the average price of $NIGHT may be around 0.5007 USD. Another analysis suggests that with the mainnet launch in the first quarter of 2026 introducing real utility, the price range for $NIGHT in 2026 could be between 0.045 USD and 0.11 USD.

Long-term vision (2028 - 2030)

Long-term predictions are based on the development and adoption of the ecosystem. Gate's forecasts indicate that by 2030, the average price of $NIGHT could reach $1.05. More optimistic analyses suggest that if Midnight can become the leading compliant privacy protocol, the price range by 2030 could reach between $0.40 and $0.55.

05 Investment Considerations: Opportunities and Risks Coexist

For investors considering investing in $NIGHT , it is necessary to weigh the following opportunities and risks:

From a positive perspective, the privacy computing track that $NIGHT is in is at the early stage of growth. With stricter regulations and the power of on-chain data analysis tools, the market demand for programmable privacy solutions is increasing.

In addition, the association of Midnight Network with the Cardano ecosystem provides it with additional technical and community support.

However, the risks cannot be ignored either: $NIGHT is facing ongoing token unlocking pressure. According to its economic model, additional unlocks from Glacier Drop may continue to increase selling pressure until 2026.

At the same time, privacy coins face an uncertain regulatory environment globally, which may affect their long-term development.

In terms of investment strategy, it is recommended to adopt different approaches for different types of investors. Novice investors can consider long-term and phased layout after sufficient research; seasoned investors can use a combination of regular investment and strict risk control; institutional investors can take $NIGHT as part of a diversified crypto asset portfolio, focusing on its privacy features and application prospects.

All investors should be aware that the cryptocurrency market is extremely volatile and should not invest more funds than they can afford to lose.

Future Outlook

As the market focuses on the key support level of $0.09, a brief pullback may be building momentum for the next rise. Technical charts drawn by Vuori Trading analysts show that a clear Wyckoff accumulation pattern is gradually taking shape in the price movement of $NIGHT .

The final stage of this classic pattern – the “spring action” – often indicates that large investors have completed their positioning and that the price is about to break through. The volume histogram in the chart significantly expands in the price consolidation area, which is a typical sign of smart money quietly accumulating.

The story of privacy computing has just begun, and the market seems to have sensed the breath of change.