China's Initiative to Enhance Digital Supply Chains through Blockchain Technology
Blockchain Integration in China: China has registered 217 blockchain-integrated institutions aimed at enhancing financial accessibility for SMEs, aligning with its strategy to utilize digital technology for transparency and efficiency in supply-chain finance.
Shift Towards Data-Driven Finance: The initiative marks a structural pivot towards real-data driven credit assessments, reducing reliance on excessive credit and reinforcing the government's ambitions for a digital economy through blockchain integration.
Industry Support and Technological Adoption: The Ministry of Commerce supports this initiative, advocating for the adoption of advanced technologies like AI and IoT to enhance supply-chain efficiency, which has sparked discussions within the banking sector regarding new financing models.
Global Financial Influence: China's strategy to integrate blockchain in supply-chain finance may solidify its role in global financing, encouraging other countries to explore similar developments to improve efficiency and reduce credit risks for SMEs.
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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 5 technical signals, shows that 2 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 | 0.00934 | 0.0149 | 0.02 | 0.0256 | 0.0307 | 0.0363 | 0.0414 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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