Coinbase stock trades down to $163.24 after Twitch engagement promo, Coinbase

Traders Union
All News
Companies
Coinbase slides 1.01% today

Highlights

COIN maintains a pronounced bearish trend, trading below significant moving averages with consistent downside pressure across timeframes.
Momentum indicators such as MACD and RSI reinforce a bearish outlook, while trend strength remains weak and no extreme oversold conditions are present.
Expected trading range for the coming week is $155.00 to $174.00, with high probability of further downside unless a breakout above $174 occurs.

Downside pressure persists as price holds below key averages and resistance

COIN is trading at $163.24, below the MA-20 ($169.91), MA-50 ($185.18), and MA-200 ($238.12), highlighting persistent downside pressure on short-, medium-, and long-term trends. The Ichimoku Kijun on D1 sits at $185.16, placing immediate resistance above the current price; near-term support is at MA-20 ($169.91) and MA-50 ($185.18), with key resistance at the Ichimoku Kijun ($185.16) and MA-100 ($183.21).

Bearish momentum signals despite weekly rebound from prior lows

Momentum signals remain bearish, with MACD on D1 showing a strong sell signal and ADX indicating a weak trend. RSI on D1 is at 43.23 and flashing “Sell,” while Stoch RSI is neutral and CCI is also neutral, suggesting no extreme conditions but mostly bearish bias. BBP on D1 registers as overbought, indicating some intraday buying pressure, which contrasts with the broader downside setup. AO is neutral and does not support the overall trend. COIN is trading at $163.24, up from last week’s close at $159.81, reflecting a 2.15% weekly gain. The price is positioned in the lower part of the weekly range, with volatility amplitude at 11.03%. The tone for the past week is a recovery from the weekly low but well off the week’s highs.

High downside risk as sideways bias dominates short-term outlook

Looking ahead, the expected price range for the coming week is $155.00 to $174.00, normalized to fit within a 12% band of the current price. Contextualizing with the 52-week span, this range remains above the yearly low at $139.36 but far from the yearly high at $444.54. The probability of further downside is very high (more than 80%), as all W1 signals (MA-50, RSI, MACD, and ADX) are bearish or neutral. The baseline scenario is continued sideways trade between support and resistance. The bullish case would see a breakout above the $170–$174 area, targeting a move toward MA-100. The bearish scenario is a slip below $160, potentially retesting last week’s lows, in line with the prevailing downtrend.

Loading...

The tweet was deleted by the author.

But we saved everything 🙂.

Earlier, analysts noted that COIN was experiencing persistent downside pressure, with technical signals favoring further consolidation lower. As market conditions evolve, traders should remain vigilant for shifts in momentum or regulatory updates that could present new risks or opportunities.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.