- NIGHT climbed to $0.0525 after delivering a 246% rally from lows.
- Midnight mainnet now supports permissionless smart contract deployment for developers.
- Crypto Patel places $0.063 and $0.10 among the next targets.
NIGHT price reached $0.0525 after a sharp 246% rebound from its recent low, according to Crypto Patel. The move extended gains that earlier pushed NIGHT to a six-month high near $0.048. Momentum followed Midnight’s mainnet upgrade and renewed interest in the privacy-focused network.
NIGHT Price Holds Breakout as $0.10 Target Comes Into View
The token remains above the $0.03522 breakout area after clearing a descending trendline. Crypto Patel said the higher-high and higher-low structure remains intact. The analyst listed $0.063, $0.10, $0.175, $0.30, and $0.50 as upside targets.
NIGHT price also remains above nearby support after the recent surge. A stronger pullback that forms a confirmed higher low could create another technical setup. The analyst cautioned against chasing the current move after such a rapid advance.
Earlier market data showed NIGHT gaining about 159% through September and early October. The token previously collapsed roughly 87% following a bridge exploit. That incident involved about 515 million NIGHT, worth roughly $13 million at the time.
Midnight Mainnet Upgrade Adds Fuel to NIGHT Token Recovery
NIGHT price momentum strengthened after permissionless smart contract deployment went live on Midnight mainnet on October 2. Developers can now deploy contracts directly, removing a previous restriction. The upgrade could expand application activity across the network.
Midnight also uses zero-knowledge proofs to support selective privacy within smart contracts. Charles Hoskinson recently said Midnight could become larger than Zcash for private smart contracts. He cited selective disclosure, private agents, and a DeFi kernel among its planned features.
NIGHT price also benefits from expectations around further technical releases. Midnight’s v8 roadmap focuses on private smart contracts and private custom tokens. A v9 upgrade targeting composability and account abstraction is expected during the fourth quarter.
NIGHT price now faces its next test above the recent breakout zone. Crypto Patel identified $0.063 as the first target before $0.10. Support around prior breakout levels remains important after the 246% advance.
Disclaimer: This article is for informational purposes only and does not constitute financial advice. CoinCryptoNewz is not responsible for any losses incurred. Readers should do their own research before making financial decisions.
