Bitwise CIO Identifies Three Key Checkpoints for Crypto Markets to Reach New Highs by 2026
- Market Stability: Bitwise CIO Matt Hougan noted that the crypto market must stabilize after the October 10 liquidation event, which wiped out $19 billion in futures positions in a single day, as failure to recover could hinder future price increases.
- Legislative Push: Hougan emphasized the need for the US Senate to pass the CLARITY Act by January 15, viewing its passage as crucial for the long-term development of the crypto industry, which could attract more investors with clearer regulatory frameworks.
- Market Momentum: Since the beginning of 2023, the crypto market has gained $170 billion, pushing total market capitalization to $3.3 trillion, driving traders to seek out promising altcoins, especially in the context of clearer regulations that could further boost market confidence.
- Emerging Token Insights: DeepSnitch AI has raised over $1.1 million in its Stage 4 presale at a price of $0.03401, with an official launch expected in three weeks, attracting a flood of early buyers and indicating strong market interest and investment potential in emerging tokens.
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Technical Analysis for AI
Technical Sentiment Analysis for Sleepless AI (AI) As of , Sleepless AI (AI) 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 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 stock.
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 | 0.00925 | 0.0148 | 0.0205 | 0.026 | 0.0317 | 0.0372 | 0.0429 |
| Fibonacci | 0.0148 | 0.0191 | 0.0217 | 0.026 | 0.0303 | 0.0329 | 0.0372 |
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