Steak 'n Shake, a pro-Bitcoin eatery, reveals plans to expand into El Salvador
Expansion into El Salvador: Steak ‘n Shake is expanding its operations into El Salvador, participating in the country's Bitcoin Histórico event and aiming to accept Bitcoin (BTC) at all locations worldwide.
Sales Growth Linked to Bitcoin Acceptance: The company reported an 11% rise in same-store sales in Q2, attributing this growth to its acceptance of BTC, and celebrated a 15% increase in Q3, outperforming major competitors.
Backtrack on Ether Proposal: After polling its followers about accepting Ether (ETH) as payment, Steak ‘n Shake faced backlash from the Bitcoin community and decided to suspend the proposal, reaffirming its commitment to Bitcoin.
Community Engagement: The company has become a notable player in the Bitcoin community, highlighting the increasing acceptance of BTC for everyday purchases and its significance for mass adoption.
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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 6 technical signals, shows that 3 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 | 0.00935 | 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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