Coinbase: Strong Bounce - The Bigger Trend Hasn’t Changed YetCoinbase Global, Inc. Class ABATS:COINDukesMarketAnalysisWeekly Support Attracts Buyers Coinbase has produced a strong reaction from the major weekly support area around $140, with buyers once again stepping in near a level that has repeatedly attracted demand. Primary Trend Still Points Down Despite the bounce, the broader structure remains bearish. Price is still trading beneath the bearishly crossed 21/8-Week EMAs, so bulls have yet to produce the kind of move needed to shift the bigger trend. Bearish Pinbar at the Highs This week’s candle is currently shaping up as a bearish pinbar after reaching $193.81. That rejection shows sellers are still active into strength, even after the powerful bounce from support. Major Resistance Remains Overhead The key area sits around $210–$222.55, where several previous rallies have stalled. A convincing break above that zone would be far more meaningful from a structural perspective. Momentum Is Improving RSI has worked back towards the 50 level, while StochRSI is rising and not yet overbought. Momentum is improving, but price still needs to follow through before the broader chart can be considered meaningfully stronger. In Summary Coinbase has bounced strongly from the important $140 weekly support area, but the bigger trend remains down for now. Price is still below the bearishly crossed 21/8-Week EMAs, while this week’s candle is showing a bearish pinbar after reaching $193.81. The real test sits higher around $210–$222.55. A convincing break through that zone would provide a much more meaningful structural shift and strengthen the case for a broader recovery.