Hoskinson Defends Cardano's AI Content Testing Amid Criticism
- Defense of AI Testing: Cardano founder Charles Hoskinson defended the AI-generated content shared via Input Output's X account after user backlash, emphasizing that AI agents could assist in scaling updates and community management as the user base grows, thereby enhancing platform scalability.
- Midnight City Initiative: Midnight City serves as an interactive simulation platform utilizing autonomous AI agents to test economic activities and develop privacy tools, showcasing Cardano's innovative capabilities in compliant blockchain activities aimed at attracting more users and developers.
- Market Pressure and Future Outlook: Despite ADA token dropping to a five-year low in recent weeks, Hoskinson remains optimistic about the Midnight project, asserting that AI agents will be crucial tools for future community management and media updates, helping to boost user engagement.
- Ongoing Testing of Standards: Hoskinson stated that as Midnight City evolves, the team will continue to test AI standards and explore future technological directions, hoping to attract more users through agentic trading and affiliate relationships to enhance ecosystem activity.
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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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