Coinbase unveils crypto-backed loans powered by Morpho as Coinbase stock trades down 1.01% to $163.24

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Coinbase drops 1.01% today

Highlights

COIN faces sustained bearish pressure as it trades below key moving averages with technical indicators showing negative momentum.
Near-term trading is expected to remain range-bound between $157 and $174, with sellers dominating and upside probability below 20%.
A decisive break below $161 could trigger further downside toward $157 or potentially the longer-term low of $139.

Downside risk persists as price remains below key moving averages

COIN is trading at $163.24, which is below its MA-20 ($171.30), MA-50 ($185.41), and MA-200 ($238.82). This alignment signals persistent short-, medium-, and long-term bearish pressure, with further downside risk present. The Ichimoku Kijun on D1 is $185.16, serving as immediate resistance. Near-term support is found at the MA-10 ($161.18), with key support at the MA-20 ($171.30). Near-term resistance is the Kijun ($185.16), with additional key resistance at the MA-50 ($185.41).

Mixed momentum signals as negative bias faces short-term buyer pressure

Momentum signals remain negative with a strong sell from MACD on D1 and neutral ADX, indicating a weak trend. RSI on D1 stands at 44, leaning bearish, and Stoch RSI at 73 suggests a strong sell bias but is near overbought territory. CCI is neutral, and BBP on D1 shows overbought conditions, highlighting short-term buyer pressure despite the overall negative momentum. The Awesome Oscillator is neutral and does not reinforce the downtrend. COIN has risen $3.43 (2.15%) this week from a prev_week_close of $159.81, but the price now sits in the lower part of the weekly range. Weekly volatility stands at 11.03%. This week reflects a recovery off the lows but remains well below recent highs, with intraday momentum showing mixed signals.

Bearish outlook prevails as resistance caps limited rebound potential

For the upcoming week, the expected price range is $157 to $174, keeping the forecast within 10% of the current $163.24 and in line with this week’s actual trading span. Given a strong sell from MACD-W1, MA-50-W1, and RSI-W1, with a neutral ADX-W1, the probability of sustained upside is very low (less than 20%), making a price decrease much more likely. Baseline scenario: COIN holds in a sideways band between $157 and $174, with sellers dominating and no clear breakout. Bullish scenario: a close above resistance at $171–$185 could enable retests toward $185, but this is unlikely given current signals. Bearish scenario: a drop under $161 would open room for downside toward $157 and possibly the longer-term low at $139 if market weakness accelerates. This forecast range is anchored above the 52-week low ($139.36) but well below the 52-week high ($444.54), highlighting the prevailing bearish sentiment.

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Previously it was reported that Coinbase Advisors LLC completed registration as both a Commodity Trading Advisor with the National Futures Association and a Registered Investment Advisor with the SEC. In light of the current analysis, traders should closely monitor how Coinbase's regulatory positioning may impact its service offerings and potential expansion into new financial products.

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