Markets· ★★★· bearish·

Cantor Lifts MSTR Target to $208 as Binance Tokenized Contract Slips to $133.71

  • —Binance MSTR futures fell 5.01% to $133.71, with a 24-hour range of $141.32 to $133.71
  • —The 200-day SMA at $132.85 and lower Bollinger Band at $130.26 form the nearest support
  • —71.8% of Binance accounts are long, but the taker buy/sell ratio of 0.8284 favors sellers
  • —Open interest rose 1.46% to 606,568 contracts even as price declined
Why it matters: A close below $128.64 would breach the 200-day SMA and lower Bollinger Band at once, potentially accelerating selling in the contract.
Source: Blockchain.News