Crypto Market Struggles as BlockDAG Emerges as a Disruptor
- Cardano Price Stagnation: Despite a slight increase to $0.1472 with a daily gain of only 2.36%, Cardano remains trapped below the $0.160 resistance level, indicating its vulnerability in the broader macro downtrend, and investors should monitor its ability to break this critical technical barrier to restore market confidence.
- Ethereum Capital Flight: Ethereum's price hovers between $1,592 and $1,603 with a mere 0.4% daily increase, while U.S. spot Ethereum ETFs logged a staggering $273.3 million in weekly outflows, marking the seventh consecutive week of redemptions; unless it breaks the $1,672 resistance, it may face further downward pressure.
- BlockDAG Incentives: The BlockDAG network has doubled its World Cup Bonus to 100% and introduced a $0.03 buyback framework, attracting investor interest, and coupled with the launch of its AI model, it triggered a $500 million valuation spike, showcasing its potential in a competitive market.
- Infrastructure Upgrade and User Growth: BlockDAG Casino attracted over 13,000 active users in its first month, with deposits exceeding $15 million and total wagers surpassing $150 million, while the network is upgrading its infrastructure to support 7,000 transactions per second, ensuring seamless operation of its applications.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 2 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 | 0.00667 | 0.0121 | 0.0163 | 0.0217 | 0.0259 | 0.0313 | 0.0355 |
| Fibonacci | 0.0121 | 0.0158 | 0.0181 | 0.0217 | 0.0254 | 0.0277 | 0.0313 |
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