Price Position and Structural State
Taiwan Semiconductor Manufacturing Company (TSM) closed at 419.42 USDT on May 29, 2026, down 1.31%. The asset now sits in a sideways structure near the top of its 55-day range. Current 55-day support is near 335.63 USDT, with resistance near 434.42 USDT. A daily close above 434.42 USDT would confirm an upside regime shift. A rejection near resistance would keep price inside the range.
Moving Averages and Trend Context
TSM is trading above the available moving averages. MA9 at 414.962 USDT stands as the first support 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 support. Once MA100 and MA200 establish, the trend read will carry more historical context.
Trading Friction and Price Efficiency
TSM shows moderate trading friction, with a 3-day friction score of 40.8. 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 -12.02% 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 near neutral across the 24-hour and 7-day averages, at 0.000000% and +0.009178%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 2.81, 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
TSM 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 strengthening.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.462 | 0.473 | 0.214 | Moderate linkage |
| 60D | — | — | — | Not enough data |
| 180D | — | — | — | Not enough data |
Momentum, Volatility, and Indicator Pressure
TSM's volatility profile is controlled rather than stretched. ATR% reads 3.21, near the middle of its full historical range. Bollinger Band width% reads 8.85, near the middle of its full historical range. 20-day Volume Z-score is 0.42. Range expansion is not leading the setup right now.
Momentum is stronger. RSI is 62.80, ROC14 is +4.12%, 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 sideways regime, showing no clear broad market direction. TSM has a moderate link to that market condition, so broader market moves can influence price behavior, but the effect is not consistent.
Key Levels for the Next State Change
For TSM, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 434.42 USDT establishes a bullish regime, while a daily close below 55-day support at 335.63 USDT confirms a bearish regime.