# Binance's Alibaba-Linked Contract Trades Below Its Lower Bollinger Band By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/39993 Published: 2026-10-24T13:16:29.000Z Updated: 2026-10-24T13:16:29.000Z Section: Investing > An Oct. 24 technical-analysis update put the 14-period daily RSI at 29.44. A derivatives snapshot at 6 a.m. ET (10:00 UTC) showed a taker buy/sell ratio of 0.4743. On Oct. 24, Binance's BABAUSDT perpetual futures contract traded at $99.60, down 0.93% over 24 hours and below its lower Bollinger Band of $100.61. The session range was $99.42 to $100.77, the 14-period daily relative strength index (RSI) was 29.44, and Bollinger %B was -0.0674. The RSI was below the commonly used 30 threshold for an oversold reading. At 6 a.m. ET (10:00 UTC), the taker buy/sell ratio was 0.4743, indicating that taker selling exceeded buying. Open interest was about 220,663 contracts, or roughly $21.7 million in notional value, down 1.35% over 24 hours. Binance launched the USDT-margined contract on April 20, 2026, at 9:50 a.m. ET (13:50 UTC). It tracks Alibaba Group Holding Ltd.'s NYSE-listed ADR, trades around the clock and offers up to 10x leverage. A similar moving-average setup appeared in [earlier BABAUSDT coverage on Oct. 21](). An RSI below 30 is commonly considered oversold, but the reading alone does not establish a reversal. ## Links in this article - [earlier BABAUSDT coverage on Oct. 21](https://www.tokenpost.com/news/investing/37239)