Shiba Inu Futures Activity Declines as Traders Reduce Risk Exposure
- Futures Activity Slowdown: Open interest in Shiba Inu futures has dropped by over 7% within 24 hours, indicating that traders are reassessing risk after the recent rally, leading to reduced speculative activity and a cautious market sentiment.
- Price Stability: Despite the slowing market momentum, Shiba Inu's price remains above $0.000006, demonstrating underlying demand that supports this key level even as trading intensity weakens.
- Market Consolidation Phase: The broader crypto market has entered a consolidation phase, where traders typically reduce leveraged exposure after rapid price increases to manage risk more effectively, contributing to the observed decline in futures activity.
- Long-term Recovery Expectations: While traders are focused on capital preservation in the short term, some market observers maintain optimistic long-term recovery expectations for Shiba Inu, despite its price being approximately 93% below its all-time high.
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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 8 technical signals, shows that 5 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 | 0.00704 | 0.0124 | 0.0165 | 0.0219 | 0.026 | 0.0314 | 0.0355 |
| Fibonacci | 0.0124 | 0.016 | 0.0182 | 0.0219 | 0.0255 | 0.0277 | 0.0314 |
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