Weekly winners

Midnight [$NIGHT] – Privacy-focused blockchain reversed back to late-Q1 levels

Midnight [$NIGHT] has led this week’s gainers with an impressive 85% rally. In addition, it has recorded a fifth consecutive week of gains, showing consistent buying pressure and pushing $NIGHT into a textbook accumulation phase near the $0.05 mark.

Now, the pertinent question is whether $NIGHT is about to sell off after the substantial move higher.

Indeed, the altcoin has rallied to match the level where it closed in late Q1, which means both long-term and short-term holders will be closer to breakeven. Thus, there are likely profits to be locked in if the rally fizzles out.

However, the RSI still supports the bullish scenario.

Despite…