Price Position and Structural State
Shentu (CTK) closed at 0.1025 USDT on July 16, 2026, down 0.29%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.0985 USDT, with resistance near 0.1698 USDT. A daily close below 0.0985 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
CTK is trading below all key moving averages. MA9 at 0.103733 USDT stands as the first moving-average resistance area to watch. Price sits 14.24% below MA50, within its historical distance range of -31.26% to 45.08%. The moving-average structure is bearish without showing extreme downside extension.
Trading Friction and Price Efficiency
CTK shows high trading friction, with a 3-day friction score of 20.6. 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 +1.47% in one day but remains near the lower side of its 180-day range. This shows participation is improving from a low leverage base.
Funding is near neutral across the 24-hour and 7-day averages, at -0.000483% and +0.003360%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 3.57, 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 remains strongly linked to the broader crypto market (Sigloid Index), with beta showing normal sensitivity to index movements. Correlation confirms that CTK moves closely with the index, while R² shows that index behavior explains a significant share of its movement. This means broader market direction carries meaningful weight when interpreting CTK. 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 stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.678 | 0.893 | 0.46 | Strong linkage |
| 60D | 0.683 | 0.866 | 0.466 | Strong linkage |
| 180D | 0.626 | 0.672 | 0.392 | Strong, lower beta |
Momentum, Volatility, and Indicator Pressure
CTK has active volume inside a compressed structure. 20-day Volume Z-score is 2.21. ATR% reads 5.73, near the lower side of its full historical range, and Bollinger Band width% reads 13.08, near the lower side of its full historical range. Participation is present, but price has not started moving freely yet.
MACD histogram has turned positive, while RSI is 37.47 and ROC14 is -5.09%. Short-term impulse is trying to turn first, but broader momentum and acceleration still lag.
The read is early: some pressure is improving, but the asset remains compressed. A better signal would need range expansion and stronger volume.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. CTK stays closely linked to that market condition, so changes in market sentiment can still influence price behavior even when the broader trend is unclear.
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 0.1699 USDT establishes a bullish regime, while a daily close below 55-day support at 0.0985 USDT confirms a bearish regime.