Price Position and Structural State
Codatta (XNY) closed at 0.00597 USDT on July 15, 2026, up 3.65%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.004167 USDT, with resistance near 0.007748 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
XNY is trading below short-term moving averages while still holding above longer-term support. MA9 at 0.0060148 USDT may cap short-term recovery attempts, while MA20 at 0.005886 USDT remains the more significant structural support area. The structure resembles a pullback within a broader trend more than a full trend failure.
Trading Friction and Price Efficiency
XNY shows moderate trading friction, with a 3-day friction score of 40.9. 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 +1.86% in one day but remains near the lower side of its 90-day range. This shows participation is improving from a low leverage base.
Funding is positive on the 24-hour average at +0.005000%, with the 7-day average also positive at +0.011147%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 3.66, sitting near the upper side of its 180-day range at 88.63%. This means long accounts are unusually dominant compared with recent history.
Correlation, Beta, and Index Relationship
XNY 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. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | -0.091 | -0.314 | 0.008 | Inverse linkage |
| 60D | 0.235 | 0.834 | 0.055 | Weak linkage |
| 180D | 0.168 | 0.543 | 0.028 | Weak linkage |
Momentum, Volatility, and Indicator Pressure
XNY remains in a low-volatility setup. ATR% reads 11.08, close to the bottom of its full historical range, and Bollinger Band width% reads 37.46, near the lower side of its full historical range. 20-day Volume Z-score is -0.35, so participation is not forcing a broader move yet.
ROC14 is +6.59%, while RSI is 50.85 and MACD histogram remains negative. Multi-day acceleration has improved, but the broader momentum picture is still incomplete.
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. XNY 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 XNY, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.008111 USDT establishes a bullish regime, while a daily close below 55-day support at 0.004167 USDT confirms a bearish regime.