Coinbase to Suspend Trading of 12 Perpetual Futures
- Trading Suspension Announcement: Coinbase will suspend trading for 12 perpetual futures on May 21 at 13:00 UTC, citing liquidity and market-quality standards, indicating the exchange's commitment to maintaining market health.
- Automatic Settlement Mechanism: All open positions will be automatically settled at the time of suspension, with the settlement price based on the average index price during the 60 minutes prior, aimed at protecting user interests and minimizing market volatility risks.
- Intensifying Market Competition: This trading suspension reflects the growing competition in the crypto derivatives market, as Coinbase reassesses its product offerings to ensure compliance with liquidity and market quality standards, enhancing user experience.
- Diverse Market Impact: The affected contracts span various market areas, including AI, DeFi, gaming, and infrastructure, indicating Coinbase's ongoing adjustments to its product lineup to adapt to the rapidly changing market landscape.
Get Real-Time Alerts for Any Crypto Movement
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 3 technical signals, shows that 3 indicators are flashing buy, while 0 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 | 0.0128 | 0.0165 | 0.0198 | 0.0235 | 0.0268 | 0.0305 | 0.0338 |
| Fibonacci | 0.0165 | 0.0192 | 0.0208 | 0.0235 | 0.0262 | 0.0278 | 0.0305 |
About AI
About the author
