Peter Smith
Coinbase Global Inc. (COIN) is back in focus as bullish momentum pushes shares higher. After breaking above critical resistance levels, the stock is showing renewed strength that's caught the attention of market watchers. With the broader crypto market also turning positive, Coinbase appears positioned for further upside.
Coinbase Momentum Builds
According to trader Ali, COIN could be heading toward $425, backed by strong technical patterns and favorable market conditions.
The setup comes as the stock has cleared months of consolidation, with both technical structure and crypto fundamentals aligning in its favor.
Technical Setup Points to $425 Target
The daily chart shows a convincing recovery pattern. The stock pushed past the $358 resistance mark, confirming bullish strength after an extended period of sideways movement. Now trading around $387, this level is acting as potential new support. If it holds, the path opens toward the $410–$425 zone, which represents the next resistance area based on technical projections. Recent wide-bodied green candles reflect strong buying pressure and suggest traders are confident about continued upward movement.
What's Driving the Rally
Several factors are driving this rally. Bitcoin's resilience and renewed institutional interest have lifted sentiment across crypto-related stocks. Regulatory clarity from recent U.S. and international developments has eased concerns about Coinbase's operating environment. Higher trading volumes in digital assets are boosting revenue expectations, while the company's expansion into blockchain infrastructure and Web3 services is strengthening its long-term growth story.
What's Next for COIN
If COIN maintains support above $387, momentum could carry shares into the $410–$425 range. A break below this level, however, might trigger a pullback toward $358 before the next attempt higher. Since Coinbase moves closely with crypto prices, Bitcoin and Ethereum trends will be key to confirming whether this rally has legs.
Peter Smith
