Warning of Crypto Market Decline: Trump Changes Fed Nominee in Response to AI Bubble Concerns
Market Correction: The cryptocurrency market faced a significant downturn, with Bitcoin and Ether experiencing notable declines as traders reassessed risk amid macroeconomic uncertainties and disappointing economic indicators.
Increased Liquidations: Over $527 million in liquidations occurred within 24 hours due to rising leverage in the crypto market, indicating a shift towards risk-off strategies among investors.
Macroeconomic Influences: Concerns over consumer spending, inflation, and Federal Reserve policy have contributed to bearish market sentiment, with many traders seeking safety in traditional assets like US Treasury bonds.
Excessive Leverage Risks: The high level of leverage in the crypto market, coupled with scrutiny over AI sector debt, has amplified volatility and raised concerns about potential market instability amid ongoing macroeconomic pressures.
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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 | 0.00938 | 0.0149 | 0.0201 | 0.0256 | 0.0308 | 0.0363 | 0.0415 |
| Fibonacci | 0.0149 | 0.019 | 0.0215 | 0.0256 | 0.0297 | 0.0322 | 0.0363 |
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