Price Position and Structural State
Credo Technology Group Holding Ltd (CRDO) closed at 237.65 USDT on August 27, 2026, up 1.12%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 169.85 USDT, with resistance near 286.65 USDT. Price is near the middle of the range, so the market has no clear structural edge until it closes outside these levels.
Moving Averages and Trend Context
CRDO is trading below short-term moving averages while still holding above longer-term support. MA14 at 242.396 USDT may cap short-term recovery attempts, while MA50 at 232.709 USDT remains the more significant structural support area. The structure resembles a pullback within a broader trend more than a full trend failure.
Trading Friction and Price Efficiency
CRDO shows high trading friction, with a 3-day friction score of 33.4. The score combines price progress, wick rejection, and volume confirmation. Recent candles show contested movement, with weak price progress or heavier wick rejection. In this condition, moves near support or resistance carry less weight until price closes more cleanly.
Open Interest, Funding, and Positioning
Open interest increased +8.15% in one day, showing fresh leverage entering the market. OI sits near the middle of its 60-day range, so the move adds leverage from a normal base rather than from a stretched one.
Funding is near neutral across the 24-hour and 7-day averages, at 0.000000% and 0.000000%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 1.45, showing more long accounts than short accounts. It sits near the middle of its 60-day range, so this is a long tilt without clear historical crowding.
Correlation, Beta, and Index Relationship
CRDO shows weak linkage to the broader crypto market (Sigloid Index). Correlation is limited, and R² indicates that index behavior explains only a small portion of its movement. This suggests price action is largely driven by asset-specific factors rather than broader market direction. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.002 | 0.004 | 0 | Weak linkage |
| 60D | 0.062 | 0.158 | 0.004 | Weak linkage |
| 180D | — | — | — | Not enough data |
Momentum, Volatility, and Indicator Pressure
CRDO remains in a low-volatility setup. ATR% reads 7.51, near the lower side of its full historical range, and Bollinger Band width% reads 27.28, close to the bottom of its 30-day range. 20-day Volume Z-score is 0.22, so participation is not forcing a broader move yet.
Momentum is mixed. RSI is 50.02, ROC14 is -11.85%, and MACD histogram does not confirm a clean direction. Indicator pressure remains uneven.
The read is simple: volatility is compressed and momentum is not strong enough yet. A better signal would need range expansion with stronger volume.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. CRDO has a weak link to that market condition, so price behavior depends more on its own structure than on the broader market trend.
Key Levels for the Next State Change
For CRDO, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 286.65 USDT establishes a bullish regime, while a daily close below 55-day support at 169.85 USDT confirms a bearish regime.