$NIGHT/USDT — parabolic expansion breaks through supply pressure zone

$NIGHT has recently completed a strong surge expansion, directly breaking through the earlier structural resistance level, and then accelerating upwards to penetrate the supply zone of the higher time frame. This upward movement shows obvious momentum characteristics and an increase in market participation.

From a technical perspective, the price had accumulated sufficiently in the bottom area, and the subsequent parabolic expansion exhibited typical impact characteristics — fast, powerful, and coherent. After breaking through key structures, buying pressure continued to increase, driving the cryptocurrency price towards higher supply dense areas.

However, it is worth noting that the current price has entered a supply zone on a higher time frame. This area has historically shown significant resistance, and in the short term, it may face profit-taking or a wait-and-see sentiment. The direction of subsequent actions will depend on whether the bulls can effectively digest the supply pressure, or if the price will temporarily consolidate here to build up momentum.

Pay attention to whether the price can stabilize in this supply zone, as well as the sustainability of the breakout.