COINBASE Just Hit Critical Support – What Happens Next?Coinbase Global, Inc. Class ABATS:COINTheCryptagonCoinbase has returned to a key multi-year support zone after a prolonged decline. Price is testing the same region that previously held during multiple cycles, including 2022, 2023, and 2024. Technical structure shows that while the shorter-term trend is weakening, the long-term support continues to provide a potential floor. The market now faces a critical inflection point: defend support or break lower. Trend Structure Long-term trend: ascending channel from 2022 low to 2025 high. Short-term trend: lower highs and declining price pressure. Multi-year support zone (~140–150) repeatedly tested. The chart shows mixed signals: the long-term base is intact, but recent candles indicate short-term bearish pressure. Support / Resistance Support Zone: 140–150 (multi-year floor) Support B: 69.70 (next major support below current zone) Resistance: Falling trendline from previous cycle highs. Break of the support zone may trigger a measured move toward Support B. Moving Averages 1W MA50 (261.29) — currently above price, showing short-term bearishness. 1W MA100 (246.69) — also above price, indicating weakening momentum. 1W MA200 (178) — just above current price, acting as near-term equilibrium. All MAs slope downward slightly, reflecting short-term pressure inside a long-term base. Indicators Visible RSI (14) at 35.61, trending lower. No current bullish divergence on RSI. Momentum favors sellers but the market is not oversold. Chart Pattern Short-term descending channel visible with a breakdown under multi-year support. Multi-year support acts as compression zone for price. Previous bullish divergence signaled the 2023 bottom. Momentum Short-term momentum is bearish. Longer-term trend remains under question — key support is holding. Bullish Scenario Price holds current support zone (~140–150). MA200 and MA100 remain intact. Could see bounce toward previous highs (~246–261) and retest of trendline. Bearish Scenario Support zone breaks decisively. Measured move target: 80.00, near Support B at 69.70. This would represent ~68% move from breakdown point. Key Conclusion Coinbase is at a critical technical level. The market must decide whether this support zone holds or breaks. This is a pivotal moment for both bulls and bears. Discussion Question Do you think COIN will defend this multi-year support zone, or is a deeper correction toward 80 inevitable?