# Binance’s AMD-Linked Perpetual Contract Falls 2.72% in 24 Hours

By Enna Lee

Canonical URL: https://www.tokenpost.com/news/investing/35967
Published: 2026-10-20T20:58:37.000Z
Updated: 2026-10-20T20:58:37.000Z
Section: Investing

> The contract’s stochastic readings were below 20. AMD plans to make its Helion rack configurations available in November.

In pricing available on Oct. 20, Binance’s AMDUSDT perpetual contract stood at 531.02 USDT, down 2.72% over 24 hours; TD Cowen’s $675 target applies to AMD shares.

The contract’s stochastic oscillator showed %K at 12.56 and %D at 10.05, both below 20, a level commonly used to flag oversold conditions. The contract also traded below its tracked moving averages, and its 14-period relative strength index was 35.76. These readings describe recent momentum but do not establish that the decline has reversed.

Binance’s contract tracks AMD common stock, settles in Tether (USDT) and trades around the clock, with leverage of up to 10 times. It is a separate instrument from AMD’s Nasdaq-listed shares.

On Oct. 19, TD Cowen reaffirmed a Buy rating on AMD and kept its share-price target at $675. The firm raised the target to $675 on July 13. The target is an analyst estimate for the stock, not a price level for the Binance contract.

AMD introduced its AMD Helion agentic AI rack design on Oct. 12 and plans to make configurations available in November. The company is scheduled to report fiscal third-quarter results after the market closes Nov. 3, followed by a conference call at 5 p.m. ET (22:00 UTC).