Reported 1 day ago
Coinbase shares have declined for four consecutive sessions, concluding a volatile month with a 20% drop in value. The stock is currently within a descending broadening formation, with the potential for a 'death cross' to emerge as the 50-day moving average approaches the 200-day average. Investors should observe key support levels around $146 and $115, and resistance levels near $206 and $264, as trading interest wanes amid a significant drop in bitcoin’s price and trading volumes.
Source: YAHOO