COIN | Weekly Rising Wedge Breakdown — Measured Move Targets $62Coinbase Global, Inc. Class ABATS:COINWavervanir_International_LLCCOIN | Weekly Rising Wedge Breakdown — Measured Move Targets $62 NASDAQ:COIN — 1W The weekly chart tells the full story. COIN carved a rising wedge off the February lows (~$150s) into the $200-$210 resistance zone, and this week's candle is confirming the breakdown. Currently printing $182.15, down 7.77% on the week, with the lower trendline giving way. Structure: After the Nov 2025 high near $320, COIN has been making lower highs on the weekly — $280s → $260s → $240s → failed at ~$210. The Feb-Mar bounce looked corrective, not impulsive. A rising wedge into overhead supply is textbook distribution. This week's candle is slicing through the wedge support with conviction. If the weekly close holds below ~$185, the pattern is confirmed. Measured move: $62.11 Taking the widest point of the wedge and projecting from the breakdown gives a measured move target at $62 — the cyan level on chart. That's a 66% decline from here. Sounds extreme, but consider: — COIN traded at $40-$60 as recently as early 2024 — BTC is down 44% from ATH and Polymarket prices 71% odds of sub-$55K this year — Q1 EPS projected down 70.6% YoY — COIN dropped 10.5% in a single session last week on stablecoin legislation risk — Stablecoin yield ban (CLARITY Act) threatens the one revenue line that was supposed to smooth out trading cyclicality — Fed signaling maybe one cut this year. Higher-for-longer = death for high-beta crypto proxies — Spot BTC ETF outflows accelerating. Structural bid is gone. COIN is a leveraged bet on crypto sentiment. In 2022, it went from $250 to $32. The $62 target isn't a prediction of fundamental value — it's what happens when a wedge breaks on a high-beta name in a deteriorating macro environment. Key levels: — Breakdown confirmation: weekly close below $185 — Interim support: $151 (Fib 2.0 extension from the 15m chart / prior horizontal) — Measured move target: $62.11 — Invalidation: weekly close back above $210 (wedge reclaim + trendline recovery) The Feb-Mar bounce was a bear flag on the weekly. Now it's resolving. Not financial advice. Manage your risk. 🏷️ #COIN #Coinbase #crypto #bearish #risingwedge #breakdown #measuredmove