Alibaba's Tokenized Stock Grinds Below Pivot, Valuation Gap Grows

Alibaba's tokenized stock is trading at $113.94 on Binance, stuck between bearish momentum and a Wall Street consensus target of around $187.

The chart shows a technically damaged chart with price below every meaningful moving average and the RSI drifting below mid-range, indicating buyers are hesitating without fully throwing in the towel.

Despite a tight daily range, the derivatives market is screaming a different story, with institutional positioning skewed towards buying into weakness.

The real question is whether the AI cloud trajectory can force a re-rating, given Alibaba's growth rate and valuation gap.