SK Hynix Tokenized Stock (SKHYNIX) Falls 10.07% Below Key Averages

SK Hynix Tokenized Stock (SKHYNIX) fell 10.07% over 24 hours to $953.49 on Thursday, trading below three major averages as Binance futures accounts were heavily long despite higher one-hour sell volume.

The token’s 24-hour range was $936.09 to $1,068.95. Its price was below the seven-day simple moving average of $1,031.61, the 20-day average of $996.66 and the 50-day average of $1,163.94.

Trading volume over 24 hours was about $1.56 billion. The daily average true range over 14 periods was $68.32. The relative strength index was 38.54, within the neutral zone. The MACD was -30.5906, matching its signal line, and its histogram was -0.0000; momentum was bearish.

On Binance futures, 87.2% of global accounts were long and 12.8% were short in the one-hour positioning data. Among top-trader accounts, 88.8% were long and 11.2% were short. The one-hour taker buy/sell ratio was 0.7897, with 18,183 in sell volume and 14,359 in buy volume.

The eight-hour funding rate was 0.0992%, meaning long positions paid short positions. Open interest declined 9.47% over 24 hours to 393,430.37 contracts, with an open-interest value of $309.6 million.

The listed pivot was $986.18, with immediate support at $903.40 and stronger support at $853.32. Immediate resistance was $1,036.26, while stronger resistance was $1,119.04. The Bollinger Bands had a middle level of $996.66, an upper level of $1,125.06 and a lower level of $868.26.