COIN - Picture Perfect Prediction! Coinbase Global, Inc. Class ABATS:COINVIAQUANTHere is an update from our Coinbase post dated August 5, 2025: In that post, I predicted that Coinbase could be forming a macro double top. Fast forward to today, that double top has now been confirmed, and price is down 65% from the highs. I also pointed out the weekly bearish divergence that was forming, which has since sent momentum all the way back down to oversold conditions. This was a clear sign of weakness near the highs, and in addition to Brian Armstrong selling large amounts of stock, it marked the top. This is what I stated in that post: “So although in the short term we are nearing some key support levels, be aware that on the weekly we might be seeing the start of a bear trend. Coinbase’s stock did skyrocket 1,300% over the last two and a half years, so a strong pullback to more normal valuations would not be out of the picture.” For the first time since April 2025, Coinbase is back at what I would consider “normal valuations.” You can clearly see this occurring around the $150 level. My “breakdown target #2” was around $160, and currently that is where most of the weekly candle bodies are attempting to hold.