Price Position and Structural State
Hemi (HEMI) closed at 0.013779 USDT on August 30, 2026, up 21.10%. The asset now sits in a sideways structure near the top of its 55-day range. Current 55-day support is near 0.004101 USDT, with resistance near 0.016 USDT. A daily close above 0.016 USDT would confirm an upside regime shift. A rejection near resistance would keep price inside the range.
Moving Averages and Trend Context
HEMI is trading above all key moving averages. MA9 at 0.0098094 USDT stands as the first moving-average support area to watch. The more meaningful signal is extension risk: HEMI sits 99.34% above MA200, outside its historical distance range of -82.09% to 64.87%. Price has moved beyond its normal moving-average relationship, which raises mean-reversion risk even inside an uptrend.
Trading Friction and Price Efficiency
HEMI shows moderate trading friction, with a 3-day friction score of 42.4. 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 fell -2.47% in one day but remains near the upper side of its 180-day range. This shows leverage is still elevated, even though some positions were reduced.
Funding is positive on the 24-hour average at +0.014650%, with the 7-day average also positive at +0.006119%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 0.90, sitting near the lower side of its 180-day range at 8.63%. This means short accounts dominate, with the long/short reading near the low side of recent history.
Correlation, Beta, and Index Relationship
HEMI 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. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.301 | 1.279 | 0.091 | Moderate linkage |
| 60D | 0.291 | 1.37 | 0.084 | Weak linkage |
| 180D | 0.339 | 1.106 | 0.115 | Moderate linkage |
Momentum, Volatility, and Indicator Pressure
HEMI's bands are opening, but the move still lacks full support. Bollinger Band width% reads 120.91, above its 180-day range. ATR% reads 15.73, near the middle of its full historical range. 20-day Volume Z-score is -0.46, showing near-normal participation.
Momentum is stronger. RSI is 76.93, ROC14 is +120.08%, 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. HEMI 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 HEMI, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.016 USDT establishes a bullish regime, while a daily close below 55-day support at 0.004101 USDT confirms a bearish regime.