Coinbase Tokenized Stock Faces Bearish Momentum and Sell-Side Pressure
Coinbase's tokenized stock is trading at $148.86, stuck beneath several short-term averages.
The SMA 7, SMA 20, and EMA 12 are all above this price, acting as overhead resistance rather than support.
The MACD histogram has printed flat at zero, indicating a sustained downtrend with bearish momentum fully baked in.
Taker flow is aggressively selling, with sellers outgunning buyers by nearly 3:2 on aggressive market orders.