Midnight’s $NIGHT token has climbed 17.73% to $0.03812, breaking above its rising daily channel as traders assess Cardano founder Charles Hoskinson’s forecast that the privacy-focused network could eventually surpass Zcash.
TradingView’s Binance $NIGHT/USDT daily chart placed the token at $0.03812 on Sep. 30, following an advance of $0.00574 from the previous daily reference price. $NIGHT reached a high of $0.03934 after trading as low as $0.03100.
The latest move extended a recovery that began after $NIGHT fell toward $0.017 in August. Price subsequently formed higher lows through September before accelerating above the upper boundary of its rising channel.
