# AMZNUSDT Pulls Back Near Upper Bollinger Band as MACD Histogram Hits Zero

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/28955
Published: 2026-10-09T12:45:22.000Z
Updated: 2026-10-09T12:45:22.000Z
Section: Investing

> The contract fell 1.24% over 24 hours as open interest rose 7.88%, leaving the technical setup unresolved.

Amazon’s AMZNUSDT perpetual contract fell 1.24% over 24 hours to $255.64 on Friday, Oct. 9, after approaching its upper Bollinger Band as open interest increased alongside the decline.

The contract reached a 24-hour high of $260.14, near the upper Bollinger Band at $260.09, before retreating to a low of $254.14. The 20-day simple moving average and Bollinger midpoint were both at $252.38.

Momentum readings were mixed. The MACD line and signal line each stood at 0.3187, leaving the histogram at 0.0000. The 14-period relative strength index was 53.24, while Stochastic %K stood at 66.69 versus %D at 53.35.

The reported pivot was $256.64. Immediate resistance stood at $259.14, followed by stronger resistance at $262.64. Immediate support was $253.14, with stronger support at $250.64.

Open interest rose 7.88% over 24 hours to 77,835.05 contracts, with a notional value of about $20.45 million. The increase occurred as the contract price declined, but the figures do not establish whether traders were opening short positions, hedging or using another strategy.

The reported eight-hour funding rate was 0.0188%. At 6:00 a.m. ET (10:00 UTC), the global account long-short ratio was 2.2362, with 69.1% of tracked accounts net long.

A move above the $256.64 pivot would bring $259.14 into focus, while a decline below $253.14 would place the $250.64-$251.10 support area in view. These levels describe conditional technical scenarios rather than a confirmed price forecast.

AMZNUSDT is a USDT-settled perpetual contract tracking Amazon.com Inc. common stock. It is a derivatives instrument, not shares traded on the U.S. stock market.