Price Position and Structural State
DeepBook Protocol (DEEP) closed at 0.01436 USDT on August 27, 2026, up 2.35%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.01257 USDT, with resistance near 0.01996 USDT. A daily close below 0.01257 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
DEEP is trading above short-term moving averages but remains below longer-term resistance. MA9 at 0.014246 USDT can act as near-term support for the recovery attempt, while MA20 at 0.014402 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
DEEP shows high trading friction, with a 3-day friction score of 24.9. 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 fell -0.73% in one day but remains near the upper side of its 30-day range. This shows leverage is still elevated, even though some positions were reduced.
Funding is positive on the 24-hour average at +0.005000%, with the 7-day average also positive at +0.003850%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 1.99, sitting near the lower side of its 30-day range at 15.87%. This means long accounts still dominate, but the long tilt is weaker than usual compared with recent history.
Correlation, Beta, and Index Relationship
DEEP 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 weakening. Over the 60-day window, the relationship is weakening. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.488 | 1.006 | 0.238 | Moderate linkage |
| 60D | 0.561 | 1.164 | 0.315 | Moderate linkage |
| 180D | 0.666 | 1.3 | 0.443 | Strong, high beta |
Momentum, Volatility, and Indicator Pressure
DEEP's volatility profile is controlled rather than stretched. ATR% reads 8.66, near the lower side of its full historical range. Bollinger Band width% reads 26.63, near the lower side of its full historical range. 20-day Volume Z-score is -0.61. Range expansion is not leading the setup right now.
Impulse and acceleration are improving, but broader momentum is still weaker. MACD histogram is positive and ROC14 is +2.43%, while RSI is 47.03.
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. DEEP 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 DEEP, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.01996 USDT establishes a bullish regime, while a daily close below 55-day support at 0.01257 USDT confirms a bearish regime.