The tweet was deleted by the author.
But we saved everything 🙂.
Brian Armstrong pre-IPO updates fail to lift Coinbase from persistent technical pressure
Coinbase Global, Inc. (COIN) is trading at $169.25, reflecting a small drop of $0.37 or 0.22% versus the previous close. Since the market opened, price has slipped from the high towards the middle of today's intraday range, currently near $167.07–$173.64 (down about 0.22% intraday). The weak performance mainly reflects persistent technical pressure below key moving averages, outweighing any positive sentiment from recent product expansion news and influencer commentary.
COIN price prediction
Current price:
$ 168.94
-0.6800
0.40%
Closed
06/16
Daily range
167.07
173.64
173.64
Weekly range
152.19
174.44
174.44
Loading...
Highlights
- COIN trades below all key moving averages, indicating persistent selling pressure across multiple timeframes.
- Mixed momentum and overbought oscillator signals reflect indecisive direction, with buyers and sellers alternating control near current levels.
- Five-day outlook expects COIN to remain between $153.00 and $174.00, with a high likelihood of further downside risk.
Product expansion and influencer push meet resistance from technical headwinds
Brian Armstrong announced that users can gain exposure to private companies ahead of their IPOs through pre-IPO perpetuals on Coinbase, starting with SpaceX and soon adding Anthropic and OpenAI. This expansion supports market sentiment by highlighting new revenue opportunities, broader product offerings, and the drive for institutional adoption. However, despite the tweet's positive implications, the market is weighing technical headwinds and strong resistance more heavily. Separately, Coinbase is rolling out tokenized U.S. equities and new AI-powered investment tools, marking a strategic move to become a comprehensive financial services platform.
Mixed momentum and persistent resistance constrain COIN’s upside
COIN remains below its MA-20 ($173.73), MA-50 ($185.73), and MA-200 ($240.22), indicating ongoing selling momentum across all timeframes, with resistance at $173.73 and support near $167.00. Momentum signals are mixed: MACD is in sell territory, RSI is weak at 46.59, and overbought oscillators indicate indecision. The expected price range over the next five days is $153.00 to $174.00, with the probability of an increase under 20% and a bearish bias prevailing. The tweet's positive signal has not been confirmed by price action, which adds caution to the near-term forecast.
Previously it was reported that Coinbase expanded its offerings to include futures and swaps products through its registered subsidiary, highlighting both the opportunities and risks involved. With the current developments, investors should closely monitor ongoing regulatory updates and evolving product features as a key factor influencing Coinbase’s trading outlook.
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
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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