Coinbase shares dip amid rising selling pressure

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Coinbase slides 8.11% today

Highlights

Coinbase introduced pre-IPO perpetual futures for non-US users and secured CFTC approval to offer crypto derivatives to US traders.
A new partnership with Better Home & Finance will launch the first Fannie Mae-backed US mortgage using tokenized digital assets.
Coinbase shares trade below key moving averages with strong bearish momentum, and are expected to remain weak between $143.56 and $161.36.

Regulatory progress and product launches fail to offset selling pressure

Coinbase launched pre-IPO perpetual futures contracts, starting with SpaceX, on its BMA-licensed Bermuda exchange, allowing non-US customers to trade these USDC-settled contracts with up to 5x leverage. The company also announced a partnership with Better Home & Finance Holding Company to launch the first Fannie Mae-backed mortgage program in the US that incorporates tokenized digital assets. In addition, Coinbase received CFTC approval to offer crypto perpetual contracts to US traders, establishing a formal regulatory framework for such derivatives — though price action has remained under broader selling pressure.

Anton Kharitonov, expert at Traders Union, views Coinbase's technical structure as deeply negative. He notes the asset's sharp fall below all major moving averages and persisting bearish momentum. Regulatory wins and product launches did not offset strong selling pressure. Oversold signals are widespread, but no meaningful buying response has emerged. He remains skeptical about any near-term rebound. "There is little evidence short-term buyers are stepping in, so risk of further declines stays high until price action stabilizes convincingly."

Viktoras Karapetjanc, expert at Traders Union, sees the current downturn as a tactical reset rather than a break in bullish structure. He points out that Coinbase’s regulatory approval to launch crypto perpetual contracts in the US and innovative partnerships lay the foundation for future growth. Karapetjanc notes that institutional engagement and digital asset adoption continue to gain traction. He believes the market setup remains constructive for long-term investors. "Recent developments signal structural upside — I expect multiple opportunities ahead as sentiment shifts and new products scale."

Parshwa Turakhiya, analyst, finds the extreme intraday volatility and oversold signals notable for short-term traders. He observes momentum and sentiment remain negative, but the gap-down open could entice mean-reversion setups. If $143.56 holds, a volatile bounce is possible. However, failed stabilization may bring further downside. "I see tactical opportunities for nimble traders, provided risk management is tight and setups are quick to confirm direction."

Oversold signals and resistance barriers reinforce active bearish trend

Coinbase trades well below the 20-day ($189.36), 50-day ($187.37), and 200-day ($245.40) moving averages, underscoring persistent downward pressure across all timeframes. The closest dynamic resistance is the Ichimoku Kijun level at $192.17, with no immediate dynamic support from moving averages above the current price. Momentum signals are firmly negative: the Moving Average Convergence Divergence (MACD) shows ongoing bearish momentum, while the Average Directional Index (ADX) remains low, indicating a weak but persistent trend. Multiple oscillators, including the Relative Strength Index (RSI at 37.22), Stochastic RSI, and Commodity Channel Index (CCI at -160.13), all point to oversold levels. Bull/Bear Power (BBP) is deeply negative at -13.61, signaling sellers dominate the session, and this reading is also oversold. The Awesome Oscillator confirms the bearish trend. The stock is experiencing sharp downside price action, falling $13.30 (down 8.11%) after opening with a sizeable downside gap of about $7.54. The price is now near session lows, and intraday volatility stands at 4.76%. This reflects pronounced selling pressure immediately after the open with little sign of stabilization.

Earlier, analysts noted that Coinbase faced sustained bearish momentum and dominant downside risk despite expanding institutional offerings and anti-fraud initiatives. The latest session not only reinforces these ongoing pressures but also introduces new regulatory developments, with traders now advised to closely monitor the $143.56 threshold as the next potential inflection point for increased volatility.

Source of Data: COIN Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

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