Coinbase Stock Jumps 24% After S&P 500 Inclusion Announcement

Reported about 14 hours ago

Coinbase shares surged by 24% after the announcement that the cryptocurrency exchange will be included in the S&P 500. The stock broke out of an inverse head and shoulders pattern, with key resistance levels at $273 and $330, while support is noted around $208. This inclusion marks a significant milestone for Coinbase, which is set to replace Discover Financial Services in the index.

Source: YAHOO

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