Coinbase Stock Falls Amid Ongoing Bearish Momentum

Coinbase's stock price has taken a hit, falling by 3.06% to $148.86.

This decline follows Coinbase's ongoing bearish momentum, with its current price sitting below key moving averages.

Rising institutional participation in Coinbase may help boost share liquidity, but the price action remains under pressure.

The MA-20 and MA-50 are acting as resistance at $150.39 and $150.66 respectively, while the Ichimoku Kijun level at $150.3 is also serving as immediate resistance.