Price Position and Structural State
Zama Protocol (ZAMA) closed at 0.05038 USDT on August 28, 2026, down 8.18%. The asset now sits in a sideways structure inside its 55-day range. Current 55-day support is near 0.03115 USDT, with resistance near 0.06733 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
ZAMA is trading between key moving averages. MA14 at 0.049551 USDT stands as moving-average support, while MA9 at 0.05343 USDT stands as moving-average resistance. This creates a clear decision zone. A sustained hold above MA14 at 0.049551 USDT keeps the structure constructive, while a rejection near MA9 at 0.05343 USDT leaves the trend unresolved.
Trading Friction and Price Efficiency
ZAMA shows moderate trading friction, with a 3-day friction score of 40.6. 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 +0.61% in one day but remains near the lower side of its 30-day range. This shows participation is improving from a low leverage base.
Funding is positive on the 24-hour average at +0.002595%, with the 7-day average also positive at +0.003170%. This shows sustained long-side cost pressure across both short and medium windows.
The long/short ratio is 0.78, showing more short accounts than long accounts. It sits near the middle of its 60-day range, so this is a short tilt without clear historical crowding.
Correlation, Beta, and Index Relationship
ZAMA 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. Over the 60-day window, the relationship is stable. Over the 180-day window, the relationship is stable.
| Window | Correlation | Beta | R² | Read |
|---|---|---|---|---|
| 30D | 0.645 | 1.289 | 0.416 | Strong, high beta |
| 60D | 0.334 | 0.769 | 0.111 | Moderate linkage |
| 180D | 0.239 | 0.487 | 0.057 | Weak linkage |
Momentum, Volatility, and Indicator Pressure
ZAMA is moving more day to day, but participation remains weak. ATR% reads 12.65, close to the bottom of its full historical range, while Bollinger Band width% reads 44.29, near the middle of its full historical range. 20-day Volume Z-score is -0.44.
Impulse and acceleration are improving, but broader momentum is still weaker. MACD histogram is positive and ROC14 is +10.60%, while RSI is 51.40.
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 bullish regime, showing broad strength across the market. ZAMA has a moderate link to that market condition, so market strength can still influence price behavior, while asset specific factors also matter.
Key Levels for the Next State Change
For ZAMA, the next structural shift depends on range boundaries. A daily close above 55-day resistance at 0.06733 USDT establishes a bullish regime, while a daily close below 55-day support at 0.03115 USDT confirms a bearish regime.