Coinbase stock extends decline below $160 resistance as weekly weakness persists

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Coinbase drops 1.75% today

Highlights

COIN continues to face sustained selling pressure, trading below key moving averages and resisting upward momentum.
Technical indicators signal ongoing weakness, with negative momentum, oversold conditions, and a low probability of near-term upside.
Expected trading range for the week is $154 to $165, with risk skewed toward a potential retest of yearly lows if support fails.

Sustained seller pressure as price hovers below multiple key levels

COIN is trading at $158.34, which is below the MA-20 ($160.34), MA-50 ($168.07), and MA-200 ($217.73), signaling ongoing short-, medium-, and long-term pressure from sellers. The Ichimoku Kijun level at $160.99 sits above the market, marking it as immediate resistance, while near-term support is identified at the MA-20 ($160.34), with further key support at the MA-50 ($168.07); additional resistance stands at the Kijun ($160.99) and MA-100 ($179.78).

Persistent negative momentum amid limited trend conviction and oversold signals

Momentum on D1 remains negative, with MACD showing a Strong Sell and weak ADX indicating limited trend strength. RSI is in the mid-40s, tilting bearish without being deeply oversold, while Stoch RSI and BBP both point to oversold conditions and seller dominance. CCI is neutral, and the Awesome Oscillator is not strongly aligned with either direction. COIN is trading at $158.34, up from the previous week’s close of $157.19, a modest 0.73% gain. The price currently sits at the very bottom of the weekly range, with weekly volatility standing at 17.96%. The tone for the week reflects continued selling pressure and a steady decline from earlier highs. In today's session, COIN is down 1.75%, extending the recent weakness.

Sideways-to-lower bias as negative signals outweigh upside potential

Looking ahead, the expected trading range for the coming week is $154 to $165, based on recent volatility and the current price structure. This range keeps the price well above the 52-week low at $139.36 but far below the 52-week high of $401.75. The probability of a price increase is very low (less than 20%), making further declines more likely given that all key W1 momentum and moving averages, as well as MACD and RSI, are in Sell or Strong Sell territory. Baseline scenario: COIN trades sideways between $154 and $165 as volatility persists. Bullish scenario: A break above $161 (Kijun) could open a move toward $168 resistance. Bearish scenario: Failure to hold $154 may drive a test of the yearly lows.

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Earlier, analysts noted that Coinbase faced ongoing bearish technical pressures and was likely to remain in a consolidation phase until a clear breakout occurred. As market conditions unfold, traders should closely monitor for a decisive move above resistance, which could signal a shift in momentum and present new opportunities.

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