At the Edge: Breakdown or New Rally in Coinbase?Coinbase Global, Inc. Class ABATS:COINisahebdadiOn the daily timeframe, the stock has retraced sharply from its 400+ rally peak and is now sitting on a major historical support zone around $155–165. The long-term moving average is sloping downward and price remains below it, meaning the medium-term structure is still corrective. This support reaction is critical. Short-Term Outlook (Next Few Weeks) Bullish Rebound Scenario If price holds above $165–170: •🎯 Target 1: $205 •🎯 Target 2: $240 •🎯 Target 3: $280 •⛔ Stop Loss: Daily close below $150 Bearish Breakdown Scenario If $150 fails: •🎯 Target 1: $120 •🎯 Target 2: $95–100 •⛔ Stop Loss (short): Close above $170 Long-Term Outlook (6–12 Months) Coinbase is highly correlated with Bitcoin cycles. Bull Cycle Scenario If crypto enters a new bull run and COIN reclaims $240: •🎯 $320 •🎯 $400 •🎯 Extended target: $480 •⛔ Investment Stop: Breakdown below $120 Bear Cycle Scenario If crypto weakens: •Possible retracement toward $80–100 •That zone may become long-term accumulation area. Fundamental Snapshot Coinbase Global Inc. is the largest U.S.-based crypto exchange. Growth drivers: •Higher crypto trading volumes •Bitcoin ETFs •Institutional custody and staking revenue •Broader crypto adoption Risks: •Revenue highly dependent on transaction fees •Regulatory pressure •Extreme crypto volatility In summary: High beta to Bitcoin — explosive in bull markets, painful in corrections.