Oct. 22 Snapshot Shows Binance QQQ Perpetual Down 1.15%

An Oct. 22 market snapshot put Binance’s QQQUSDT perpetual at $713.22, down 1.15% over 24 hours and $4.19 above its listed 200-day simple moving average of $709.03.

At 5 a.m. ET (09:00 UTC), the snapshot listed open interest at 100,918.40 contracts, valued at $73,945,770, up 6.66%. More contracts were outstanding as the price fell, but open interest alone does not show whether traders added bullish or bearish positions.

The listed price gap above the 200-day average was smaller than the 14-period average true range of $10.98. The relative strength index was 37.31, while stochastic %K was 16.85 and %D was 13.48. The readings indicated weak momentum but did not establish a trend reversal.

The snapshot marked immediate support at $707.58 and stronger support at $701.94, with the lower Bollinger Band at $700.83. Immediate resistance was $723.80, followed by stronger resistance at $734.38.

At the same time, 67.9% of tracked accounts were listed as net long and 32.1% as net short. Those account figures describe positioning in the contract; they do not show ownership or trading flows in QQQ shares.

QQQUSDT is a USDT-settled perpetual tied to Invesco QQQ Trust, Series 1. It trades around the clock and does not confer ownership of the fund’s shares. Invesco QQQ seeks to track the Nasdaq-100 Index. TokenPost has published earlier QQQUSDT market coverage.