Coinbase stock forecast: Weak momentum after Blast platform delays tests $149.2 support.

Traders Union
All News
Financial News
Coinbase drops 3.02% to $155.68

Highlights

Coinbase faced operational delays on the Blast platform, intensifying user experience risks and potentially impacting short-term activity and retention.
US government entrusted Coinbase Prime with custody of $288 million in seized Bitcoin and $53 million in Ether, reinforcing institutional confidence.
COIN/USD trades under sustained downside pressure with intraday weakness and a 79% probability of further decline toward $149.2 support.

Operational delays and government transfers reshape coinbase sentiment

Coinbase has experienced operational delays on the Blast platform, resulting in longer transaction processing times and direct effects on user experience, according to Simplywall. This disruption highlights potential risks for short-term platform activity and customer retention. In other developments, Coinbase joined a coalition supporting the new stablecoin Open USD (OUSD), a move that may expand its stablecoin ecosystem over the long term, as reported by Fool. Additionally, the US government transferred $288 million in seized Bitcoin and $53 million in Ether to Coinbase Prime for custody, which reflects institutional trust in Coinbase's handling of digital assets, according to Invezz.

Oversold signals intensify as resistance forms near $161

COIN/USD is currently trading below the hourly MA-20 at $162.88 and MA-50 at $160.48, with the daily MA-200 well above at $223.61. The Ichimoku Kijun sits at $161.26, acting as immediate technical resistance. Indicators show the Relative Strength Index (RSI) at 37.23, confirming a sell signal, while the Commodity Channel Index (CCI) and Bull/Bear Power are both in oversold territory intraday. Stochastic RSI is also oversold, but the Moving Average Convergence Divergence (MACD) and Average Directional Index (ADX) remain neutral, signaling weak trend momentum. The Awesome Oscillator issues a strong sell, reinforcing seller control within a moderate volatility environment.

Sideways bias likely as bearish odds outpace bullish triggers

In the short term, price action is expected to consolidate in the $149.2 to $162.16 range. Probability estimates place an upward move at just 21%, while the likelihood of a further decline stands at 79%. The base case is sideways movement within this band; a break and hold above $161.26 would be required to trigger a bullish scenario, while a breach of the $149.2 support could open the door to additional downside.

Viktoras Karapetjanc, expert at Traders Union, notes that operational setbacks on the Blast platform have weighed on market sentiment and price action. He views Coinbase’s participation in the stablecoin coalition and institutional trust signaled by US government asset transfers as positive for the company’s long-term outlook. However, near-term trading remains under pressure with technical signals confirming a bearish bias. "If Coinbase can resolve its platform issues, I see real potential for a recovery, especially given growing institutional engagement around $155.68."

Previously it was reported that Coinbase’s momentum was mixed amid strategic pivots, with technical signals suggesting a rangebound bias and heightened volatility. The recent operational delays and ongoing downside momentum now tilt the balance toward increased downside risk, making sustained price action below the $161.26 resistance a key signal for further weakness ahead.

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.