Price Position and Structural State
Worldwide Asset eXchange (WAXP) closed at 0.003924 USDT on July 16, 2026, down 1.70%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.003646 USDT, with resistance near 0.006377 USDT. A daily close below 0.003646 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
WAXP is trading below all key moving averages. MA9 at 0.0039963 USDT stands as the first moving-average resistance area to watch. Price sits 13.04% below MA50, within its historical distance range of -39.36% to 70.39%. The moving-average structure is bearish without showing extreme downside extension.
Trading Friction and Price Efficiency
WAXP shows moderate trading friction, with a 3-day friction score of 41.0. 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 increased +0.63% in one day but remains near the lower side of its 180-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 -0.000870% and +0.002358%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 2.15, sitting near the lower side of its 60-day range at 2.77%. This means long accounts still dominate, but the long tilt is weaker than usual compared with recent history.
Correlation, Beta, and Index Relationship
WAXP remains strongly linked to the broader crypto market (Sigloid Index), with beta showing normal sensitivity to index movements. Correlation confirms that WAXP moves closely with the index, while R² shows that index behavior explains a significant share of its movement. This means broader market direction carries meaningful weight when interpreting WAXP. Over the 30-day window, the relationship is weakening. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.655 | 0.918 | 0.429 | Strong linkage |
| 60D | 0.725 | 0.847 | 0.526 | Strong linkage |
| 180D | 0.665 | 0.811 | 0.442 | Strong linkage |
Momentum, Volatility, and Indicator Pressure
WAXP remains in a low-volatility setup. ATR% reads 5.35, near the lower side of its full historical range, and Bollinger Band width% reads 12.90, close to the bottom of its full historical range. 20-day Volume Z-score is -0.66, so participation is not forcing a broader move yet.
MACD histogram has turned positive, while RSI is 38.65 and ROC14 is -6.28%. 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 sideways regime, showing no clear broad market direction. WAXP stays closely linked to that market condition, so changes in market sentiment can still influence price behavior even when the broader trend is unclear.
Key Levels for the Next State Change
For WAXP, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.006377 USDT establishes a bullish regime, while a daily close below 55-day support at 0.003646 USDT confirms a bearish regime.