Price Position and Structural State
Shentu (CTK) closed at 0.1169 USDT on August 28, 2026, down 1.60%. The asset now sits in a sideways structure near the top of its 55-day range. Current 55-day support is near 0.0891 USDT, with resistance near 0.1272 USDT. A daily close above 0.1272 USDT would confirm an upside regime shift. A rejection near resistance would keep price inside the range.
Moving Averages and Trend Context
CTK is trading above short-term moving averages but remains below longer-term resistance. MA100 at 0.116469 USDT can act as near-term support for the recovery attempt, while MA200 at 0.149364 USDT is the key level to reclaim for a broader trend shift. Short-term structure has improved, but longer-term moving averages still show overhead resistance.
Trading Friction and Price Efficiency
CTK shows moderate trading friction, with a 3-day friction score of 44.1. The score combines price progress, wick rejection, and volume confirmation. Recent candles show mixed acceptance, so price is moving but still showing some noise. Moves near support or resistance need a cleaner daily close before they carry stronger weight.
Open Interest, Funding, and Positioning
Open interest increased +2.97% in one day and remains near the upper side of its 60-day range. This shows leverage is elevated and still building.
Funding is positive on the 24-hour average at +0.005000%, with the 7-day average also positive at +0.005000%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 3.39, 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
CTK shows a moderate relationship with the broader crypto market (Sigloid Index). Correlation indicates partial co-movement with the index, while R² suggests that index behavior explains only part of its movement. This means broader market direction has some influence, but asset-specific factors remain important. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is strengthening.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.422 | 0.564 | 0.178 | Moderate linkage |
| 60D | 0.531 | 0.767 | 0.282 | Moderate linkage |
| 180D | 0.588 | 0.719 | 0.346 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
CTK is moving more day to day, but participation remains weak. ATR% reads 6.24, near the lower side of its full historical range, while Bollinger Band width% reads 18.28, near the middle of its full historical range. 20-day Volume Z-score is 0.67.
Momentum is stronger. RSI is 57.12, ROC14 is +12.40%, and MACD histogram is positive. These readings point in the same direction: upside pressure is active across momentum and multi-day acceleration.
The read is still incomplete: momentum is improving, but volatility or participation has not confirmed the move strongly enough.
Broader Market Regime
The Sigloid Index remains in a bullish regime, showing broad strength across the market. CTK has a moderate link to that market condition, so market strength can still influence price behavior, while asset specific factors also matter.
Key Levels for the Next State Change
For CTK, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.1272 USDT establishes a bullish regime, while a daily close below 55-day support at 0.0891 USDT confirms a bearish regime.