NIGHT's Price Targets Amid Governance Risk and Overbought Conditions

NIGHT's price is trading near $0.03351, just above its 200-day EMA at $0.03312. According to technical analysis, a daily close above this level would confirm the breakout from September.

The rally started with a break above the descending trendline from the March high, which had capped rebounds in June and July.

However, the Relative Strength Index (RSI) reads 80.09, signaling overbought conditions after a sharp September rally.

Cyber Capital alleges that two entities hold 50.25% of NIGHT's token supply, creating governance risk for this crypto.