Fortune Protocol Secures Seed Funding Round Amidst Crypto Market Trends
- Funding Details: Fortune Protocol has successfully closed a seed funding round on the BNB Chain, backed by several crypto investment firms including TBV and Cogitent Ventures, although the specific investment amount remains undisclosed, indicating ongoing investor interest in blockchain infrastructure.
- Market Trends: The trend of seed-stage crypto startups avoiding disclosure of deal terms highlights a significant decline in venture activity since the peak of the 2021 digital asset cycle, with a notable shift towards infrastructure and AI-related projects.
- Use of Funds: The newly raised capital will be allocated towards developing AI-based forecasting systems and liquidity infrastructure, aimed at enhancing the functionality of decentralized prediction markets and driving user engagement and market activity.
- Regulatory Challenges: Regulatory uncertainty continues to pose a major challenge for prediction market operators, particularly in the U.S. and Europe, where authorities are scrutinizing whether certain event contract products should fall under derivatives or financial securities regulations, potentially impacting long-term growth in the sector.
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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 6 technical signals, shows that 3 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 | 0.0111 | 0.0165 | 0.02 | 0.0254 | 0.0289 | 0.0343 | 0.0378 |
| Fibonacci | 0.0165 | 0.0199 | 0.022 | 0.0254 | 0.0288 | 0.0309 | 0.0343 |
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