Price Position and Structural State
WOO Network (WOO) closed at 0.01641 USDT on May 29, 2026, up 1.42%. The asset now sits in a sideways structure near the bottom of its 55-day range. Current 55-day support is near 0.01555 USDT, with resistance near 0.02107 USDT. A daily close below 0.01555 USDT would confirm a downside regime shift. A hold near support would keep price inside the range.
Moving Averages and Trend Context
WOO is trading below all key moving averages. MA9 at 0.016756 USDT stands as the first moving-average resistance area to watch. Price sits 10.73% below MA50, within its historical distance range of -53.21% to 76.56%. The moving-average structure is bearish without showing extreme downside extension.
Trading Friction and Price Efficiency
WOO shows moderate trading friction, with a 3-day friction score of 37.5. 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 -3.11% 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 near neutral across the 24-hour and 7-day averages, at -0.000638% and -0.015047%. This shows limited cost pressure on either side, so funding is not giving a strong directional signal right now.
The long/short ratio is 1.88, 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
WOO remains strongly linked to the broader crypto market (Sigloid Index), with beta indicating higher sensitivity to index movements. Correlation confirms that WOO moves in line with the index, while R² shows that index behavior explains a significant share of its movement. Elevated beta means price tends to amplify broader market moves rather than simply track them. Over the 30-day window, the relationship is stable. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.825 | 1.446 | 0.681 | Strong, high beta |
| 60D | 0.792 | 1.323 | 0.627 | Strong, high beta |
| 180D | 0.776 | 1.226 | 0.602 | Strong, high beta |
Momentum, Volatility, and Indicator Pressure
WOO's bands are opening, but the move still lacks full support. Bollinger Band width% reads 31.02, close to the top of its 90-day range. ATR% reads 6.27, close to the bottom of its full historical range. 20-day Volume Z-score is -0.10, showing near-normal participation.
Momentum is weaker. RSI is 40.13, ROC14 is -7.65%, and MACD histogram is negative. These readings point in the same direction: downside pressure is active, while recovery pressure remains limited.
The read is cautious: downside momentum is active, but volatility and participation do not confirm a strong break yet.
Broader Market Regime
The Sigloid Index remains in a sideways regime, showing no clear broad market direction. WOO 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 WOO, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.02107 USDT establishes a bullish regime, while a daily close below 55-day support at 0.01555 USDT confirms a bearish regime.