Coinbase Introduces New Pricing Mechanism for x402 Protocol
- New Pricing Mechanism: Coinbase has launched the 'Upto' mechanism, allowing AI agents to pay for compute resources based on actual usage, replacing fixed pricing models, thereby enhancing resource utilization flexibility and efficiency.
- Addressing Payment Bottleneck: The new mechanism resolves a long-standing limitation of the x402 protocol by enabling usage-based payments, particularly beneficial for services like token counts, compute time, and query complexity, thus improving user experience.
- Technical Framework Optimization: This mechanism operates on the Ethereum Virtual Machine (EVM), supporting all ERC20 tokens, and integrates the CDP Facilitator for gas-free transactions, further streamlining the payment process.
- Growing Industry Adoption: As agentic commerce rises, the adoption rate of the x402 protocol is increasing, with major tech companies like Google, Microsoft, and Amazon Web Services holding stakes in the protocol through the x402 Foundation, indicating a market demand for rapid payment solutions.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for AI 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 crypto.
Support, Resistance & Moving Averages. From a structural perspective, AI 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 $-.
Sleepless AI (AI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0144 | 0.016 | 0.0176 | 0.0192 | 0.0208 | 0.0224 | 0.024 |
| Fibonacci | 0.016 | 0.0172 | 0.018 | 0.0192 | 0.0204 | 0.0212 | 0.0224 |
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