Kaito.ai and Cookie DAO Banned from Paying Users on X, KAITO Token Plummets 17.7%
- Platform Ban: X has banned applications like Kaito.ai and Cookie DAO from paying users for posting content, aiming to reduce the amount of 'AI slop' on the platform and improve user experience.
- Token Plunge: Following the ban announcement, the KAITO token fell by 17.7% to $0.57, while the COOKIE token dropped by 15.5% to $0.038, indicating a strong market reaction to the policy change.
- Closure of Incentive Products: Kaito.ai announced the sunset of its 'Yaps' product, while Cookie DAO will also wind down its 'Snaps' product, both of which incentivized user engagement through points and tokens, leading to AI dependency for content generation.
- Unusual Unstaking Activity: Ahead of the ban, over 1 million KAITO tokens are set to be unstaked on Friday, 20 to 30 times higher than usual, raising suspicions among analysts that some holders may have received insider information about the impending ban, suggesting potential insider trading risks.
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Technical Analysis for COOKIE
Technical Sentiment Analysis for Cookie DAO (COOKIE) As of , Cookie DAO (COOKIE) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 1 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for COOKIE 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 stock.
Support, Resistance & Moving Averages From a structural perspective, COOKIE 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 $-.
Cookie DAO (COOKIE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00856 | 0.0127 | 0.0171 | 0.0212 | 0.0256 | 0.0297 | 0.0341 |
| Fibonacci | 0.0127 | 0.016 | 0.018 | 0.0212 | 0.0245 | 0.0265 | 0.0297 |
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