American Stocks Analysis

Economies.com provides the latest technical analysis and forecast of the american stocks, in order to keep track of the trend of the US stocks.

Coinbase price exposed to negative pressure - Forecast today - 06-05-2024

Economies.com
2024-05-06 10:30AM UTC

Coinbase Global’s stock price (COIN) fell in the intraday levels after touching the 50-day SMA resistance, while testing the downward correctional short-term trend line, as the stock managed to vent off oversold saturation in the RSI in recent trading.

 

Therefore we expect more losses for the stock, targeting the support of $187.40, provided the resistance of $238.67 holds on.

 

Trend forecast: Bearish 

 

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