Binance QQQ Perpetual Trades Below Four Moving Averages at $722.26

Binance’s QQQUSDT perpetual was listed at $722.26 in a market snapshot showing a 0.81% gain over 24 hours, while the contract was below four of five tracked moving averages. The listed 24-hour range was $711.92 to $726.40.

The price was above the seven-day simple moving average at $718.02. It was below the 12-period exponential moving average at $727.07, the 50-day simple moving average at $730.98, the 26-period exponential moving average at $732.23 and the 20-day simple moving average at $738.85.

A separate one-hour derivatives reading at 5 a.m. ET (09:00 UTC) on Wednesday, Oct. 21, showed 3,168 contracts in taker sell volume and 2,180 in taker buy volume. Sell contracts made up about 59% of the combined total, or roughly 1.45 for every buy contract.

Binance account-positioning figures at that time showed 68.3% of global accounts long and 31.7% short. Among top-trader accounts, 65.7% were long and 34.3% short. Those ratios describe account positions; they measure something different from the one-hour volume of trades initiated by buyers and sellers.

The technical readings also put the 14-period relative strength index at 42.36. The MACD and signal lines were both -5.1641, while the stochastic %K was 31.80 and %D was 25.44. The chart levels listed a pivot at $720.19, support at $713.99 and $705.71, and resistance at $728.47 and $734.67.

QQQ is Invesco QQQ Trust Series 1, an exchange-traded fund that seeks to track the Nasdaq-100 Index. Binance’s QQQUSDT is a USDT-settled perpetual contract tied to the fund and trades around the clock. Its quoted price reflects the derivatives market, not regular-session trading in QQQ shares.