Binance’s BABAUSDT Trades Below Five Moving Averages at $106.14

On Oct. 21, Binance’s BABAUSDT perpetual contract was priced at $106.14, down 1.21% over 24 hours and below all five tracked moving averages.

The listed simple moving averages were $109.14 for seven days, $109.08 for 20 days and $110.30 for 50 days. The 12-period exponential moving average was $109.09, and the 26-period average was $109.70.

Stochastic %K stood at 11.77 and %D at 9.42, both in oversold territory. The relative strength index was 40.07. The MACD and signal lines were each -0.6125, with a histogram of 0.0000.

BABAUSDT tracks Alibaba’s NYSE-listed American depositary shares and settles in USDT. The perpetual contract trades around the clock and offers leverage of up to 10x; it does not represent ownership of Alibaba shares. Each of Alibaba’s American depositary shares represents eight ordinary shares.