Coinbase Tokenized Stock Trapped Below Short-Term Averages
Coinbase's tokenized stock has been stuck below all short-term averages at $148.86, with aggressive sell-side taker flow dominating intraday activity.
Despite a heavy institutional long position, the price cluster around $150 is now acting as overhead resistance rather than support.
The MACD histogram printing flat at zero suggests that bearish momentum has fully matured and the signal line has caught up, indicating exhaustion without recovery.