Coinbase Stock Poised to Reclaim Key Resistance at $194.80
Coinbase Global, Inc.'s stock has shown signs of strengthening and may be completing its long-term bottoming process. The July swing low of $139.11 held as support during a decline in February and again later in the year. This key support zone was also recognized by the market during a bearish correction that bottomed in April 2025.
The daily chart shows consolidation testing resistance at the 200-day moving average, while the weekly chart displays signs of strength from recent bottoms. A double-bottom pattern triggered above $181.49, breaking a downtrend line and reclaiming both the 50-day and 20-week moving averages.
A high of $193.81 for the advance was reached last week, putting COIN up against a resistance zone marked by the 200-day moving average near $194.80. A decisive upside breakout above this level would trigger a continuation of the current advance and reclaim the 200-day moving average for the first time since November 2025.
A bullish flag has formed in a relatively tight range, with key support represented by the rising 20-day moving average at $163.65 and the 50-day moving average near $160.88. An initial upside target is suggested near the 38.2% Fibonacci retracement of a prior decline at $239.60.