Coinbase Launches Perpetual Equity Index Futures in U.S. Market
- Product Launch: Coinbase Derivatives is set to launch perpetual equity index futures on June 8, providing traders with a futures-based method to express views on artificial intelligence, defense, and China-linked equities, thereby expanding its influence in the regulated derivatives market.
- Contract Design: The new contracts include AI10, China10, Defense10, and Tech100, which track indices related to AI infrastructure, U.S.-listed Chinese ADRs, major aerospace and defense companies, and Nasdaq-linked technology innovations, expected to attract investors interested in these themes.
- Trading Mechanism: These contracts are cash-settled with hourly funding payments to ensure futures prices closely align with the underlying indices, where the flow of funds between long and short positions will impact trader returns, enhancing market liquidity and transparency.
- Market Impact: By providing a regulated bridge, Coinbase deepens its role in traditional market derivatives, and if liquidity develops quickly, AI10 and Defense10 could become key contracts for testing market reactions, potentially attracting more investor participation.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 4 indicators are flashing buy, while 2 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 | 0.0164 | 0.0216 | 0.0252 | 0.0305 | 0.034 | 0.0393 | 0.0428 |
| Fibonacci | 0.0216 | 0.025 | 0.0271 | 0.0305 | 0.0338 | 0.0359 | 0.0393 |
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