Coinbase Stock Price Prediction: The correction trend in Coinbase stock (COIN) is showing signs of stabilizing as renewed buying interest at the $200 support level is causing the price to level off. For the past three weeks, the COIN price has been trading within the two $240 and $198 horizontal levels, projecting no clear dominance from buyers or sellers. Will the recently released earning report have a positive impact on this asset?
Also Read: What Coinbase’s $1.58 Billion Revenue Means for Crypto Assets
Coinbase’s Earnings Surpass Expectations, Stock Eyes Return to $280
The near-term trend in Coinbase stock price is bearish and can be followed through the formation of a falling wedge pattern. The two converging trendlines led the COIN price from $283.5 to $198 low, resulting in a loss of 30%.
However, the Stock price witnessed a renewed recovery at the combined support of $200 and 100-day EMA, resulting in an immediate reversal to $224.
In the recent first-quarter earnings repo
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