The price of Cryptocurrency Exchang Coinbase (NASDAQ: COIN) is preparing for a possible major price based on the technical composition of the share.
Coinbase shares, which relied heavily on cryptocurrency market movements, had approximate operation in 2025, where more than 30 % decreased on an annual basis. The value of the currency was $ 175 at the time of the press, as the last session ended with 3 %. In the weekly time frame, Coinbase gathered about 20 %.
Looking at the technicians, the arrow creates a bullish pattern of the cup and the equation, as the platform shared by the platform TrendSpider In x mail On April 13.
Despite the recent fluctuations, this pattern indicates that after a long standard of unification, the “cup” (extends from late 2021 to early 2025), the arrow can soon be completed “the handle” and the phase of penetration.
The main level of the resistance area is 360 to $ 370, which was a roof several times. Clean at this range of this range is valid for the formation of the cup and the car and is likely to provoke a strong rally.
With Coinbase’s trading of about $ 175.50, the collapse of more than $ 360 represents more than 100 % of the upward trend.
At the same time, the RSI Index indicates that the arrow is currently hovering near the neutral lands. This means that there is still a great ampere for bullish momentum before the currency becomes broken.
Coinbase Basics
In addition to the bullish technical preparation, many basic elements are compatible with a possible support in the coin.
For example, the company doubled its revenues in 2024 to $ 6.3 billion. 4 billion amazing dollars came from transaction fees alone, with another $ 2.3 billion from stablecoins, tricks, and subscriptions.
It is important, the Securities and Stock Exchange Committee (SEC) has turned a lawsuit against Coinbase, and the company is optimistic about the pro -quarter legislation that passes this year, which may turn more growth.
Meanwhile, the 33.74 Coinbase ratio as of April 11, 2025 indicates that it is not very exaggerated or deeply dense. However, it tends to be somewhat valuable with the potential upward trend in light of optimistic scenarios.
Meanwhile, Wall Street analysts expect that Coinbase will gather next year. Specifically, the consensus of 21 analysts Tipranks The currency trading projects are likely to circulate at $ 296 over the next 12 months, which is approximately 70 %, with a “moderate purchase” classification.
In general, if the coded currency market in a large upward movement and restores Bitcoin at the level of $ 100,000, Coinbase may have a strong chance of gathering. However, if the market remains due to the uncertainty of commercial definitions, the currency may continue to face the declining pressure.
Distinctive image via Shutterstock
