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Binance’s TSMUSDT Contract Gains 0.15% as Open Interest Drops

The reported quote remained below all four moving averages, while open interest totaled 47,151.68 contracts.

Updated 1 min read
A semiconductor fabrication building stands beside a service road in Hsinchu Science Park, Taiwan. / EconoTimes.ai
A semiconductor fabrication building stands beside a service road in Hsinchu Science Park, Taiwan. / EconoTimes.ai

A Nov. 7 report put Binance’s TSMUSDT equity perpetual at $377.85 after a 0.15% daily rise, while open interest shrank 16.19% over the same 24 hours.

Open interest totaled 47,151.68 contracts. Trading spanned $368.93 to $381.91 during that 24-hour period.

Every reported moving average was higher than the quote: $424.30 over 200 days, $434.72 over 50 days, $410.74 over 20 days and $389.57 over seven days. At $370.06, the lower Bollinger Band sat just below the reported price.

The 14-day Relative Strength Index (RSI) registered 35.99. Moving Average Convergence Divergence (MACD) matched its signal line at -15.2329, and its histogram was 0.0000. Stochastic %K measured 30.42, while %D was 24.34.

A TSMUSDT contract is tied to Taiwan Semiconductor Manufacturing Company Ltd.’s U.S.-traded American depositary receipt (ADR); a position remains distinct from ownership of the company’s shares, as EconoTimes previously explained.

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