Coinbase stock falls 3.04% as selling pressure persists despite new stock and ETF offering

Traders Union
All News
Financial News
Coinbase drops 3.04% to $178.49 today

Highlights

Coinbase launched 24/5 commission-free U.S. stock and ETF trading for all U.S. users on February 24, 2026, in partnership with Yahoo Finance.
Stablecoin revenue reached $1.35 billion in 2025 as Coinbase seeks to diversify despite ongoing regulatory challenges in the U.S. and UK regarding stablecoin oversight.
COIN trades at $178.49, above MA-20 but below MA-50 and MA-200, with resistance at $187.13 and likely consolidation between $170 and $185 amid strong selling pressure.

Equities rollout and diversification efforts amid persistent selling pressure

On February 24, 2026, Coinbase launched U.S. stock and ETF trading for all U.S. users, enabling 24/5 commission-free trading of equities and ETFs within its app as part of a strategic partnership with Yahoo Finance. The company reported its stablecoin revenue reached $1.35 billion in 2025, and addressed ongoing regulatory challenges and opportunities in both the U.S. and UK related to stablecoin oversight and potential new rules. These developments reflect Coinbase’s efforts to diversify its business model by integrating traditional equities and offering unified 24/7 trading access, though price action has remained under broader selling pressure.

Bearish momentum builds as technical barriers limit rebounds

On the technical side, COIN sits above its MA-20 but remains below both MA-50 and MA-200, maintaining a short-term bullish setup within a longer-term downtrend. The immediate resistance is set by the Ichimoku Kijun at $187.13. Momentum indicators signal strong selling, as the MACD points to a bearish phase, the ADX reveals robust downside pressure, and the RSI is just below neutral, leaning bearish. Stochastic RSI and Bull/Bear Power both flag overbought intraday conditions, illustrating a loss of recent buyer momentum as sellers regain the upper hand.

Consolidation expected with breakout risk skewed to downside

Over the coming five trading days, COIN’s price is anticipated to move within a typical volatility band of $170 to $185, with upward movement probability rated low, under 20%. The baseline scenario calls for consolidation near current levels. A bullish breakout above $187 would signal renewed upward momentum, while a sustained move below $170 would set the stage for further declines.

Anton Kharitonov, Traders Union expert, sees Coinbase’s short-term momentum as overshadowed by persistent medium- and long-term technical weakness. He believes efforts to expand into equity trading and stablecoin revenue are promising, but the technical signals remain dominated by selling pressure. As resistance holds and volatility persists, he expects sideways action unless prices break key levels. "Base case remains consolidation between $170 and $185 — until $187 is cleared, I stay defensive."

Last time, analysts noted that Coinbase Global Inc. (COIN) maintained short-term bullish momentum by trading above its 20-day moving average, though it continued to face medium- and long-term resistance below the 50- and 200-day moving averages and at the Ichimoku Kijun. Mixed technical indicators, including signs of overbought conditions and ongoing selling pressure, suggest near-term caution despite recent intraday strength.

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

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.