Coinbase stock falls 1.75 percent as Coinbase tweets on economic rights and Bitcoin solution

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Coinbase slides 1.75% today

Highlights

COIN trades below major moving averages, signaling persistent selling pressure across all timeframes and highlighting a strong bearish trend.
Momentum indicators display oversold conditions, weak trend strength, and confirm that sellers currently dominate price action.
COIN is expected to consolidate between $150 and $162 next week, with a less than 20% probability of a sustainable upside break.

Persistent selling pressure as price remains below key averages

COIN is trading below all major moving averages on D1, with the current price of $158.34 under the MA-20 ($160.34), MA-50 ($168.07), and MA-200 ($217.73), indicating persistent selling pressure across short-, medium-, and long-term trends. The Ichimoku Kijun at $160.99 stands above the current price and acts as immediate resistance. Nearby, near-term support is visible at the MA-20 ($160.34), while key support is further down at the MA-50 ($168.07); immediate resistance is the Ichimoku Kijun ($160.99) and key resistance is the MA-50 ($168.07).

Oversold momentum signals as weekly lows attract heavy selling

Momentum signals are bearish on D1, with MACD showing a strong downward bias and ADX indicating weak trend strength. RSI is leaning bearish at 46.76, Stoch RSI is deep in oversold territory (8.70), and CCI is neutral but negative. BBP confirms that sellers dominate intraday action with its oversold reading, despite the Awesome Oscillator showing a slight buy bias, highlighting divergence among oscillators. COIN has risen $1.15 (0.73%) over the past week, currently trading at $158.34 versus $157.19 at last week’s close, but remains at the very bottom of the weekly range, near support, with weekly volatility standing at 17.96%. The week has been marked by a sharp recovery from recent lows, but price action remains under heavy downside pressure. In today's session, COIN is experiencing a notable daily drop of 1.75%.

Lower breakout risk as bearish signals dominate near-term outlook

Looking to next week, the expected trading band is $150 to $162, aligning with the recent weekly volatility and keeping the range realistic relative to the current price. The probability of a price increase is at its very low minimum (less than 20%), as none of the W1 momentum or moving average signals flash a buy, while the chance of further decline is correspondingly very high. The baseline scenario is for COIN to remain range-bound between $150 and $162, consolidating near weekly lows. A bullish scenario would require a break and close above the $161–$162 resistance cluster, which could open the way for a squeeze towards the MA-50 or higher, though this is the less likely outcome. In the bearish case, a clean move below $150 could see COIN retest levels closer to its one-year low of $139.36, with downside moves made more probable by overwhelmingly negative W1 signals. Current prices sit near year-to-date lows, with former highs of $401.75 now far out of reach and sentiment skewed decisively to the downside.

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Earlier, analysts noted that Coinbase faced persistent technical headwinds, with sentiment constrained by ongoing bearish pressures despite strategic business initiatives. As the current landscape evolves, traders should closely monitor for a potential shift in momentum should Coinbase break above newly established resistance levels.

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