Coinbase shares jump as stock buying pressure builds

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Coinbase rises 2.66% today to $157.20

Highlights

Coinbase is lobbying U.S. lawmakers to exempt small crypto and stablecoin transactions from capital gains taxes and onerous reporting rules.
The company has secured regulatory approval to offer global crypto perpetual futures to U.S. users, broadening its service portfolio.
Coinbase trades below major moving averages with persistent bearish momentum, and is expected to fluctuate between $155.86 and $159.21 over the next five trading days.

Regulatory relief sought as compliance burdens weigh on crypto users

Coinbase urges U.S. lawmakers to exempt stablecoin spending and small crypto transactions from capital gains taxes and burdensome reporting requirements, highlighting the compliance burdens on everyday transactions. The company advocates for legislation to exclude blockchain gas fee transactions up to $10 from tax reporting and supports broader de minimis exemptions for low-value digital asset purchases. In addition, Coinbase has gained approval to offer global crypto perpetual futures to U.S. users, further expanding its exchange services.

Anton Kharitonov, expert at Traders Union, believes Coinbase is firmly in a downtrend. The price remains well below all major moving averages and key technical indicators signal oversold, bearish momentum. Regulatory headwinds and reporting burdens continue to suppress sentiment, despite some positive news from product expansion. There is little evidence of buyers stepping in and any short-term gains appear fragile against prevailing selling pressure. "Without a shift in technical structure or regulatory clarity, I see limited upside and caution against chasing rebounds here."

Viktoras Karapetjanc, expert at Traders Union, sees material opportunity for Coinbase as regulatory clarity improves. He points to advocacy for tax exemptions and expanding global crypto futures as positive drivers. Confidence stems from Coinbase’s push for legislative progress, which supports broader adoption and product diversification. Despite current price weakness, the analyst maintains that bullish structure remains intact for longer-term investors. "With regulatory headwinds easing and global offerings expanding, I expect further growth and fresh setups for the committed bull."

Oversold technical signals as sellers dominate short- and long-term action

Coinbase trades significantly below its $179.63 MA-20, $186.30 MA-50, and $242.38 MA-200, indicating persistent downward momentum across all key timeframes with sellers in control both short- and long-term. The Ichimoku Kijun level at $185.16 acts as the nearest dynamic resistance, while there is no proximate support from major trend indicators.

Momentum signals remain negative: the MACD points to ongoing bearish pressure and the Average Directional Index (ADX) indicates a weak trend. The Relative Strength Index (RSI), Stochastic RSI, and Commodity Channel Index (CCI) all post oversold readings. The Bull/Bear Power (BBP) remains negative at -7.26, confirming seller dominance and signaling oversold conditions intraday. The stock has gained $4.07 or 2.66% today, opening with an upside gap of around $4.01. Price is now near the lower end of today’s $157.14 – 158.48 range and intraday volatility is limited at 0.85%. Intraday action reflects an early push higher followed by clear pressure toward the session’s lows, in line with prevailing momentum indicators.

Previously it was reported that downside risks continued to outweigh upside potential for Coinbase, with sustained bearish momentum dominating the technical outlook. The latest deterioration across all major timeframes and oversold conditions further reinforces a cautious stance, making a decisive break above $159.21 the key technical threshold to watch for any signs of 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

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