Price Position and Structural State
Spacecoin (SPACE) closed at 0.006398 USDT on May 29, 2026, down 7.29%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.00448 USDT, with resistance near 0.011395 USDT. A daily close below 0.00448 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
SPACE is trading below all key moving averages. MA50 at 0.0071388 USDT stands as the first moving-average resistance area to watch. Price sits 10.38% below MA50, within its historical distance range of -34.22% to 42.93%. The moving-average structure is bearish without showing extreme downside extension.
Trading Friction and Price Efficiency
SPACE shows moderate trading friction, with a 3-day friction score of 60.5. 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 -29.66% in one day and remains near the lower side of its 180-day range. This shows participation is weak and exposure is still being reduced.
Funding is negative on the 24-hour average at -0.007974%, while the 7-day average is +0.002016%. This shows fresh short-side cost pressure rather than a sustained build across the week.
The long/short ratio is 1.36, sitting near the lower side of its 30-day range at 6.15%. This means long accounts still dominate, but the long tilt is weaker than usual compared with recent history.
Correlation, Beta, and Index Relationship
SPACE 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.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.179 | 0.957 | 0.032 | Weak linkage |
| 60D | 0.366 | 1.884 | 0.134 | Moderate linkage |
| 180D | — | — | — | Not enough data |
Momentum, Volatility, and Indicator Pressure
SPACE remains in a low-volatility setup. ATR% reads 16.51, close to the bottom of its full historical range, and Bollinger Band width% reads 33.48, close to the bottom of its full historical range. 20-day Volume Z-score is -0.28, so participation is not forcing a broader move yet.
Momentum is weaker. RSI is 41.01, ROC14 is -12.20%, and MACD histogram is negative. These readings point in the same direction: downside pressure is active, while recovery pressure remains limited.
The read is simple: volatility is compressed and momentum is not strong enough yet. A better signal would need range expansion with stronger volume.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. SPACE has a weak link to that market condition, so price behavior depends mainly on asset specific structure rather than the broader market.
Key Levels for the Next State Change
For SPACE, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.011395 USDT establishes a bullish regime, while a daily close below 55-day support at 0.00448 USDT confirms a bearish regime.