Coinbase stock price forecast: Holding $170 support as COIN declines 5.34%

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Coinbase drops 5.34% to $172.51 today

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Dan Blystone

02.06.2026

Coinbase stock price forecast: Holding $170 support as COIN declines 5.34% — Coinbase drops 5.34% to $172.51 today

Coinbase Global, Inc. (COIN) stock is trading at $172.51, reflecting a daily decrease of 5.34%. The price sits below its key moving averages, signaling sustained pressure from sellers following a sharp intraday drop.

COIN price prediction

24H 1.24%

$165.65

48H 0.66%

$164.7

7D 0.01%

$163.63

1M -5.6%

$154.45

3M 20.54%

$197.22

6M 26.67%

$207.25

12M -26.18%

$120.78

Detailed

Current price: $ 163.62 0.5600 0.34%

Real-time Data 12:49

Daily range 161.98

166.35

Weekly range 162.85

191.83

Highlights

Coinbase expanded into India's regulated crypto market with direct INR deposit and withdrawal functionality and new trading products on June 1, 2026.
This move enabled IMPS fund transfers, spot and perpetual futures trading, and INR order books, broadening Coinbase's Indian client base.
The stock faces sustained selling pressure, trading below key technical levels, with a five-day range expected between $168 and $180 as further decline remains more likely.

Platform expansion in India boosts reach despite lingering sell pressure

On June 1, 2026, Coinbase launched direct Indian rupee deposit and withdrawal support in India, providing customers with the ability to move funds via IMPS after registering with the Financial Intelligence Unit of India. This rollout included spot trading, access to perpetual futures on major crypto assets, and dedicated INR order books, significantly expanding the platform's reach in India's regulated crypto market. These corporate actions have expanded Coinbase's client base and market access, though price action has remained under broader selling pressure.

Persistent bear bias as price holds below major technical barriers

The $172.51 price level remains below the SMA-20 ($194.22), SMA-50 ($188.92), and SMA-200 ($247.70), with the Ichimoku Kijun on the daily chart at $195.76 marking immediate resistance. Daily session trading has shown high volatility and a gap down, with prices remaining near the lower end of today's intraday range ($172.54–$175.34). MACD signals on both daily and weekly intervals remain negative, and ADX readings are low, reflecting a weak but persistent downward trend. Oscillators including the RSI (45.12 D1, 41.79 W1), CCI (-97.96), and Stoch RSI (30.85) are tilted toward oversold levels without reaching extreme territory, while BBP and the Awesome Oscillator confirm ongoing seller dominance.

Downside risk prevails as consolidation and high volatility continue

A typical volatility band over the next five trading days is expected between $168 and $180 as the price consolidates, with sustained high volatility likely. The probability of a price increase is low, making a continued decline more likely unless the price can close above the $195–$200 resistance zone, which current technical signals do not support. Should selling persist and the $172 level break, the $170 area becomes the next focus for sellers.

Anton Kharitonov, expert at Traders Union, views the recent Coinbase launch of INR support as a significant step for market access, but he notes that price action remains under strong selling pressure. He observes that technical signals are weak, with COIN unable to reclaim key resistance and all major indicators pointing to lingering downside risk. Kharitonov remains cautious despite regulatory advances and increased user reach in India. "Unless $195 is reclaimed on a daily close, there is little reason to expect a durable reversal here."

Previously it was reported that Coinbase expanded its platform offerings and market reach through several service rollouts and strategic partnerships. The latest developments—particularly the launch of direct INR support in India amid persistent technical weakness—introduce heightened volatility for COIN, making a potential breakdown below the $170 level a near-term downside risk to monitor.

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.