COIN — Final Correction Before the Next Major Bullish ExpansCoinbase Global, Inc. Class ABATS:COINJordanBelfort4 COIN remains structurally bullish on the higher timeframe and continues to trade within the broad **ascending channel that developed from the 2022–2023 cycle lows**. The current decline should be viewed in the context of that larger structure. After peaking around the $400 area, COIN entered a prolonged corrective phase and has now retraced back toward one of the most important confluence zones on the chart. At current levels, price is trading close to the **0.618 Fibonacci retracement near $153**, while simultaneously approaching the lower portion of the long-term ascending structure. This makes the **$150–$120 region** the first major area where I expect long-term demand to appear. I still allow for one final corrective phase before the next major expansion. Based on the current structure, the most important downside levels are: * **$153** — 0.618 Fibonacci level and immediate structural support * **$119** — 0.500 Fibonacci retracement * **$93–$87** — deeper Fibonacci support zone * **$68** — major macro invalidation / extreme correction level The period around **April–June 2027** remains the window where I expect the broader correction to be fully resolved. The exact low will depend on how quickly COIN reaches the lower boundary of the rising structure. If the long-term ascending channel remains valid and COIN successfully establishes a major higher low within this support region, I expect the next move to develop into a substantially larger bullish wave. My projected upside sequence is approximately: **$153 support region → $219 → $344 → $437 → $772 → $984–$1,156** The first major confirmation would be a sustained recovery above **$218–$220**, corresponding to the 0.786 Fibonacci level. Above that area, the structure begins to reopen toward the previous cycle highs. A breakout above approximately **$344–$437** would be considerably more important. That would indicate that COIN has moved beyond the previous macro resistance structure and entered a new price-discovery phase. Under that scenario, the higher Fibonacci extensions become increasingly relevant: * **$437** — 1.113 extension / major breakout area * **$772** — 1.382 extension * **$984–$1,156** — primary long-term channel target zone * **$1,273** — 1.618 Fibonacci extension * **$2,856** — extreme 2.0 extension, requiring a much stronger and longer-duration cycle My primary long-term target remains approximately **$984–$1,156**. the final upside target is highly dependent on **time**. Because the upper boundary of the ascending channel continues to rise, a slower and more orderly advance would allow COIN to intersect that boundary at a higher nominal price. A highly accelerated move would reach the same structural resistance much earlier and therefore at a lower price. The central thesis is therefore: **COIN is approaching the lower part of a multi-year bullish structure. Once the current correction is completed and the $153–$120 support region is successfully defended, the next major bullish wave could eventually carry price toward $437 first, followed by approximately $772 and ultimately the $984–$1,156 region.** A sustained breakdown beneath the broader ascending structure would invalidate this projection.