Binance’s BABAUSDT Contract Trades Below $111 as Alibaba Targets Rise
Photo: TokenPost
Binance Futures’ BABAUSDT perpetual contract traded below its daily pivot and 50-day moving average on Oct. 12 as the derivative tracked Alibaba Group Holding’s New York Stock Exchange-listed ADR. At 6 a.m. ET (10:00 UTC) on Oct. 12, 2026, the contract stood at $110.35, down 0.71% over 24 hours. It traded between $110.09 and $112.57, with volume of $8.50 million. The contract was below its $111.00 daily pivot, its $111.76 50-day simple moving average and immediate resistance at $111.92. Immediate support was $109.44, followed by stronger support at $108.52.
Source: TokenPost
