Bittensor's First 4-Year Cycle Marked as a Key 'Maturation' Milestone in Crypto's Halving Process
Bittensor's First Halving: Bittensor, a decentralized machine-learning network, is set to undergo its first halving on or around December 14, reducing the daily issuance of its native token, TAO, from 7,200 to 3,600, mirroring Bitcoin's supply model.
Growing Demand for Decentralized AI: The expansion of Bittensor's subnets, which are likened to startups in the decentralized AI space, highlights a significant demand for decentralized AI infrastructure, with a combined market cap of nearly $3 billion.
Venture Capital Interest: Bittensor subnets are attracting venture capital, exemplified by Inference Labs securing $6.3 million to support its marketplace for inference verification, indicating strong investor confidence in the ecosystem.
Potential of Decentralized AI: Industry experts suggest that decentralized AI could become a major use case for blockchain technology, driven by increasing demand for innovative AI products and applications.
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Technical Analysis for SUI
Technical Sentiment Analysis for Sui (SUI) As of , Sui (SUI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SUI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SUI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Sui (SUI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.306 | 0.547 | 0.797 | 1.038 | 1.287 | 1.528 | 1.778 |
| Fibonacci | 0.547 | 0.735 | 0.85 | 1.038 | 1.225 | 1.341 | 1.528 |
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