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This week I looked at the trend of NIGHT, and the previous research ideas are still clear. The project party's background indeed has the strength to support it, and the overall market outlook is optimistic, but I misstepped in my mid-term rhythm, and the later market actually exploded ahead of time.
To be honest, NIGHT gives me the feeling of being a product hurriedly pushed onto the stage. Although it has been in preparation for 6 years, it feels more like a temporary arrangement that went online directly—mature projects typically require at least a year from initiation to launch.
Its positioning upon launch is very clear, aimed at the privacy coin track. The compliance that certain privacy coin projects cannot achieve, this project has instead realized, theoretically filling the gap in the market. The current trend clearly shows that there are market makers secretly supporting the price, forcefully pushing it up, and the strength of this market maker is considerable - they can withstand selling pressure in the tens of millions.
Key moments to remember: The trading competition ends at 7 PM on the 22nd, followed by a dump of 200 million spot tokens at 7 PM on the 23rd. These two moments are the most likely to see significant pullbacks. The most difficult situation right now is for those who participated in the trading competition for hedging; the short-term pressure will be very noticeable.
I will further analyze the expected market trends in detail later.