Price Position and Structural State
SK hynix Inc. (SKHYNIX) closed at 1,163.06 USDT on August 30, 2026, down 5.88%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 884.17 USDT, with resistance near 1,570.8 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
SKHYNIX is trading below the available moving averages. MA50 at 1,175.77 USDT stands as the first resistance area to watch. Long-term moving-average history is still forming, so the most reliable reads come from current price structure and shorter-term moving-average resistance. Once MA100 and MA200 establish, the trend read will carry more historical context.
Trading Friction and Price Efficiency
SKHYNIX shows moderate trading friction, with a 3-day friction score of 63.9. 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 +6.33% in one day but remains near the lower side of its 30-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 +0.000312% and -0.002148%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 4.17, 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
SKHYNIX 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 strengthening.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.279 | 0.503 | 0.078 | Weak linkage |
| 60D | 0.375 | 1.006 | 0.14 | Moderate linkage |
| 180D | — | — | — | Not enough data |
Momentum, Volatility, and Indicator Pressure
SKHYNIX remains in a low-volatility setup. ATR% reads 7.28, close to the bottom of its full historical range, and Bollinger Band width% reads 19.98, below its full historical range. 20-day Volume Z-score is -1.02, so participation is not forcing a broader move yet.
MACD histogram has turned positive, while RSI is 47.63 and ROC14 is -1.06%. 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 bullish regime, showing broad strength across the market. SKHYNIX 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 SKHYNIX, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 1,634.95 USDT establishes a bullish regime, while a daily close below 55-day support at 884.17 USDT confirms a bearish regime.