Coinbase stock jumps 3.51% after launch of 24/5 stock trading for US users

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Coinbase gains 3.51% at $187.29 today

Highlights

Coinbase faces regulatory risk as a draft Senate bill proposes banning yield payments and tightening stablecoin rewards, jeopardizing key subscription revenue streams.
Coinbase launches 24/5 fractional US equities trading for US clients, with instant funding and expanded USDC rewards for premium members.
COIN trades below major moving averages and exhibits weak trend signals, with near-term support at $183.00, resistance at $195.00, and expected sideways to lower price action.

Revenue risks emerge as Senate bill targets stablecoin yields

On March 24, 2026, Coinbase was impacted by news of a draft US Senate bill proposing a ban on yield payments for stablecoin balances and stricter limits on stablecoin-related rewards programs. The legislation directs regulatory agencies to define permitted models within a year, affecting Coinbase's revenue from subscription yield services and USDC interest. Coinbase also recently introduced 24/5 stock trading for US users, allowing fractional shares, instant funding, and expanded USDC trading rewards for Coinbase One members.

Rangebound momentum as mixed signals meet technical barriers

Technically, COIN is trading below all major moving averages, with the SMA-20 at $195.09, the SMA-50 at $193.63, and the SMA-200 at $283.15, highlighting ongoing downward pressure. The Ichimoku Kijun at $183.10 offers near-term support, while resistance is observed just below the short-term averages. Momentum is mixed: the daily MACD signals a strong buy, but the ADX is neutral at 17.07, indicating a weak trend. The RSI is at 43.18 and CCI at -64.46, while the daily Stoch RSI moving into oversold territory reflects short-term weakness; BBP shows buyers dominating today's action. Price action includes a gap up at the open and moderate volatility, with oscillators reflecting both lingering downside risks and near-term exhaustion at session highs.

Upside capped as sideways trading likely amid narrowing range

Over the next five sessions, expected price action is contained within a typical volatility band between $178.00 and $195.00. The probability of further gains is low, with the baseline outlook calling for sideways trading, supported by $183.00 and capped by resistance at $195.00. A close above $195.00 could prompt a bullish move toward higher levels, while a move below $183.00 opens up potential downside toward $178.00 in the short term.

Anton Kharitonov, expert at Traders Union, sees persistent technical weakness in Coinbase despite today’s modest gain. Regulatory news weighs heavily, limiting potential for sustained upside. Short-term momentum indicators are mixed, and the price is capped by the $195.00 resistance. "Unless COIN breaks above $195.00, I remain cautious and expect sideways or lower price action in the near term."

Earlier, analysts noted that major financial institutions were accelerating their adoption of blockchain tokenization strategies. In light of recent regulatory headwinds and technical pressure on Coinbase, traders should closely monitor price reactions to evolving legislation, as any break below $183.00 could indicate elevated downside risk.

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.