Will COIN avoid deeper losses as sellers dominate the short-term trend?

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Coinbase slides 3.22% to $132.36 today

Highlights

Coinbase confirmed that 99% of client digital assets are stored in cold storage and held 1:1 with no unauthorized usage.
The public assurance was made after a competitor experienced a major security incident, aiming to limit counterparty risk for clients.
Coinbase stock trades below key moving averages amid strong bearish momentum; price is expected to range from $123.7 to $141.02 in coming days.

Client confidence targeted as Coinbase clarifies cold storage policies

Coinbase stated that 99% of its customers' digital assets are kept safe in cold storage, with client assets held 1:1 and not lent out or used without authorization, according to Yahoo Finance. This public statement followed a major security incident involving a competitor and sought to provide assurance about asset safety, thereby limiting counterparty risk and addressing potential customer concerns. By clarifying its custody approach, Coinbase aimed to help stabilize client confidence and reduce the risk of panic-driven withdrawals, though price action has remained under broader selling pressure.

Bearish momentum persists as multiple indicators flash oversold signals

On the technical charts, COIN/USD trades below its MA-20 at $145.13, MA-50 at $147.96, and MA-200 at $176.43. The Ichimoku Kijun at $143.42 serves as immediate resistance. MACD and ADX both indicate continued bearish momentum, while RSI is neutral. Both Stoch RSI and CCI are in oversold territory, suggesting selling may be overextended. Bull/Bear Power remains negative at -1.79, highlighting persistent seller control. The Awesome Oscillator is neutral and does not confirm the prevailing momentum.

Downside risk elevated as price consolidation expected within set band

In the short term, COIN is expected to trade between $123.7 and $141.02, reflecting a typical volatility band relative to current levels. The probability of a move higher is very low, with a much greater chance of further downside. The baseline case sees price consolidating within this corridor, while a sustained break above $143.42 could trigger a move higher. Conversely, a drop below $123.7 would expose COIN to increased downside risk.

Anton Kharitonov, analyst at Traders Union, notes that Coinbase remains technically weak with prices trading below all major moving averages. He sees the company's effort to reassure clients about asset safety as a necessary move after recent market shocks, but says it has not translated into improved sentiment or price recovery. The analyst expects persistent bearish momentum to keep COIN rangebound, with little probability of a near-term rebound. "As long as COIN stays below $143.42, the risk remains tilted to the downside and sellers stay in control."

Previously it was reported that Coinbase announced a promotional giveaway for U.S. users on its platform in November 2026. The current technical setup adds a new dimension by highlighting persistent downside risk, with traders advised to watch for a break below $123.7 as a potential trigger for further weakness in COIN shares.

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.