Crypto Market Selective Rotation: Five Coins to Watch
- Injective Token Burn: On May 6, Injective burned over 55,000 INJ (approximately $196K) during its community buyback, and launched native USDC on May 7, attracting deep institutional liquidity and boosting market confidence in its future prospects.
- Venice Token Supply Reduction: Venice Token (VVV) confirmed this week that over 42% of its total supply has been burned, alongside an Upbit listing and a partnership with StrikeRobot, which is expected to further drive market demand and enhance its leadership in the AI space.
- Toncoin Network Upgrade: Telegram announced it will become the largest validator for Toncoin and implemented a 6x transaction fee reduction, processing 67 million transactions in April, showcasing its strong user base and market potential, which may attract more user participation.
- BUILDon Liquidity Surge: BUILDon emerged as the top gainer in the market last week, surging 50.7% in a single day, and became the primary liquidity provider for USD1, demonstrating its practical utility on the BNB Chain and potentially attracting more investor interest.
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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 4 technical signals, shows that 3 indicators are flashing buy, while 1 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 | 0.00425 | 0.0133 | 0.0191 | 0.0281 | 0.0339 | 0.0429 | 0.0487 |
| Fibonacci | 0.0133 | 0.019 | 0.0225 | 0.0281 | 0.0338 | 0.0373 | 0.0429 |
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