Price Position and Structural State
SK hynix Inc. ADR (SKHY) closed at 164.02 USDT on August 29, 2026, up 2.12%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 114.06 USDT, with resistance near 195.4 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
SKHY is trading above all key moving averages. MA14 at 162.581 USDT stands as the first moving-average support area to watch. The more meaningful signal is how far price has moved from its moving-average base: SKHY sits 4.90% above MA50, while its historical range runs from 2.62% to 2.62%. Price is moving outside a clean historical moving-average comparison, which can create resistance pressure driven by extension rather than by a fixed level.
Trading Friction and Price Efficiency
SKHY shows moderate trading friction, with a 3-day friction score of 42.0. 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 -9.86% in one day and remains near the lower side of its 30-day range. This shows participation is weak and exposure is still being reduced.
Funding is near neutral across the 24-hour and 7-day averages, at 0.000000% and +0.003974%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 1.01, showing near balance between long and short accounts. It sits near the middle of its 60-day range, so account-side positioning looks balanced.
Correlation, Beta, and Index Relationship
SKHY 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.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.142 | 0.245 | 0.02 | Weak linkage |
| 60D | — | — | — | Not enough data |
| 180D | — | — | — | Not enough data |
Momentum, Volatility, and Indicator Pressure
SKHY remains in a low-volatility setup. ATR% reads 6.18, below its full historical range, and Bollinger Band width% reads 22.04, below its full historical range. 20-day Volume Z-score is -1.38, so participation is not forcing a broader move yet.
MACD histogram has turned positive, while RSI is 53.18 and ROC14 is -2.01%. 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. SKHY 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 SKHY, the next structural shift depends on range boundaries. A daily close above 55-day resistance at unavailable establishes a bullish regime, while a daily close below 55-day support at unavailable confirms a bearish regime.