---
title: "BABA's price may drop to $113 as bears dominate at $116.80. A quick reversal to $118.23 possible. Trading trends remain volatile."
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/297311432.md"
description: "Alibaba (BABA) faces bearish pressure, trading below key moving averages with dominant selling sentiment and crowded long positions. Prices may drop to $113, though a quick reversal to $118.23 is possible. The stock remains volatile as bears dominate at the $116.80 level."
datetime: "2026-08-28T10:32:13.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/297311432.md)
  - [en](https://longbridge.com/en/news/297311432.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/297311432.md)
generator: "portal-rs"
---

# BABA's price may drop to $113 as bears dominate at $116.80. A quick reversal to $118.23 possible. Trading trends remain volatile.

The stock of Alibaba, which has been tokenized, is currently trading below all significant moving averages, indicating a bearish trend. There is a heavy selling pressure from the order flow on the selling side, which is dominating the market sentiment. The long positions in the stock are crowded, suggesting a potential for further downside movement. In order to reverse this trend, the stock would need to quickly reclaim the price of $118.23. This situation is expected to result in increased volatility and significant movement in the stock.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**