Coinbase stock price forecast: $224.00 resistance in focus as COIN climbs 4.25%

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Coinbase gains 4.25% to $210.70 today

Highlights

Coinbase has been designated as the official USDC treasury deployer on Hyperliquid, expanding its role in DeFi stablecoin liquidity management.
USDC supply on Hyperliquid has doubled to nearly $5 billion, while Coinbase reported $1.4 billion Q1 revenue, down 21%, and eliminated 700 jobs.
COIN trades with mixed momentum signals and high volatility; price is expected to range between $200.00 and $224.00, with risk skewed slightly bearish.

Stablecoin management expands as Coinbase takes Hyperliquid treasury role

Coinbase has been appointed as the official treasury deployer of USDC on the Hyperliquid trading platform, marking a significant expansion of its role in managing stablecoin liquidity and overseeing the ecosystem’s transition from USDH to USDC. This step deepens Coinbase’s operational integration with decentralized finance infrastructure and may increase its influence on stablecoin supply chains. Additional context includes a substantial doubling of USDC supply on Hyperliquid to roughly $5 billion, and recently reported first quarter revenue of $1.4 billion, down 21% from the prior quarter, alongside the elimination of 700 jobs and $50–$60 million in restructuring costs to be completed primarily in the second quarter.

Bullish momentum faces resistance as technicals flash mixed signals

COIN is trading above the SMA-20 at $199.43 and SMA-50 at $191.89, while remaining well below the SMA-200 at $256.13. The Ichimoku Kijun level on the daily chart is now support at $190.86. Momentum is mixed, with the MACD generating a buy signal, ADX reflecting a neutral and weak trend, and both RSI and CCI in neutral positions. Bull/Bear Power is firmly overbought at 3.99, indicating strong buyer presence and the potential for a short-term pullback, while the Awesome Oscillator is positive to confirm upward bias. Trading during the session was marked by high volatility, with strong price action into the close and visible divergences between some neutral oscillators and bullish intraday movement.

Limited upside odds as weekly bias turns neutral to bearish

Over the next five trading days, COIN is likely to fluctuate within a typical volatility band between $200.00 and $224.00. A sustained move above $224.00 would point to further upside momentum, while a drop below $200.00 could trigger a deeper correction toward recent support levels. The probability of a price increase is estimated below 20%, suggesting that a sideways or downward bias remains more likely under prevailing weekly signals.

Viktoras Karapetjanc, expert at Traders Union, sees recent developments as broadly supportive for Coinbase. He believes the new Hyperliquid partnership and expanding stablecoin role offset near-term revenue declines. Strong technical positioning above key moving averages confirms market confidence, even as volatility remains high. Short-term risks are present, but structural fundamentals are improving. "If Coinbase maintains operational progress and stabilizes margins, further upside for COIN may materialize in the medium term."

Previously it was reported that Hyperliquid is shifting its stablecoin ecosystem to USDC with Coinbase taking a central role in managing stablecoin liquidity on the platform. With Coinbase's position as official treasury deployer now established and technical momentum still evident despite softening medium-term signals, traders should closely monitor the $224.00 level for signs of renewed upside or a reversal.

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.