$BABA is currently undergoing a minor correction after a strong rally that peaked at a 24-hour high of 144.47. On the 4h chart, the asset has found temporary support around the 140.60 level, which aligns closely with its 24-hour low of 140.57. This pullback follows a series of bullish candles that broke through previous resistance at 136.00, suggesting that the current dip is a retest of newly established support. If $BABA manages to hold this level and consolidate, it remains in a favorable position for another leg up toward the mid-140s. A break below 138.00 would be needed to shift this short-term bullish outlook.

Target 1: 145.20

Target 2: 148.50

Target 3: 152.00

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BABAUSDT

Perp

140.18

-1.37%