SOON Foundation Proposes Unstaking 30M Tokens to Support AI Projects
- Unlock Proposal: The SOON Foundation plans to unlock 30 million SOON tokens on June 17 to provide early-stage capital for AI market projects, reducing the currently staked supply of 52,499,999 tokens by more than half, indicating a strategic focus on integrating AI with blockchain infrastructure.
- Token Allocation: The unlocked tokens will be distributed among five projects, with AI Super Quant receiving the largest share of 10 million SOON, while PolyFollow, SignrAs, Big Squirrel, and DuckLuck will each receive 5 million SOON, showcasing the foundation's broad support for various AI applications.
- Project Focus Areas: The recipient projects will concentrate on applying AI to enhance capital market functions, with AI Super Quant developing machine learning-based quantitative trading models, while others focus on AI-driven analytics and compliance tools, highlighting the potential applications of AI technology in finance.
- Ecosystem Implications: This proposal represents a significant shift in the foundation's resource allocation strategy, expected to increase circulating supply in the short term, but the foundation believes that successful AI projects will support long-term value creation, underscoring the importance of targeted ecosystem funding for driving innovation.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI). As of , Sleepless AI (AI) is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 0 indicators are flashing buy, while 4 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 | 0.0177 | 0.0194 | 0.0207 | 0.0224 | 0.0237 | 0.0254 | 0.0267 |
| Fibonacci | 0.0194 | 0.0206 | 0.0213 | 0.0224 | 0.0236 | 0.0243 | 0.0254 |
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