US stocks / COIN
CO
Coinbase Global Inc
$355.37
+0.00%
Past 3months
Trading vol30.15M
Market cap90.51B
PE60.85
Total Issued Shares254.7M
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Calon_Sultan
COIN "BIG" iHnS
if we can close above 360, 400 and 450 is clear target
11:00 AM · Jun 25, 2025
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FXOpen
Coinbase (COIN) Shares Hit Year-to-Date High
Coinbase (COIN) Shares Hit Year-to-Date High As we reported six days ago, shares of Coinbase Global (COIN) received a strong bullish boost after the US Senate approved the GENIUS bill, which sets out regulations for the use of stablecoins. As the Coinbase Global (COIN) stock chart shows, the rally is ongoing. Yesterday, the price surged by over 12%, once again becoming the top performer in the S&P 500 index (US SPX 500 mini on FXOpen). Bullish sentiment is being fuelled by news that: → Two funds managed by Cathie Wood’s Ark Invest acquired around 4,200 Coinbase shares; → Analysts at Benchmark raised their target price for Coinbase Global (COIN) from $301 to $421. Could the COIN share price continue to rise? Technical Analysis of the Coinbase (COIN) Stock Chart From a broader perspective, the COIN share price has formed an ascending channel over the past year (marked in grey), and only once — in reaction to news about Trump tariffs — did the price briefly fall outside of this channel. Based on this, it is reasonable to assume that the developing intermediate rally (highlighted in blue) could reach the upper boundary of the grey channel. However, the psychological level of $350 — near the 2024 peak — appears to be a significant resistance point on this path. It is possible that we will soon see this level act as resistance on the COIN stock chart, leading to the formation of a correction — which would seem appropriate after a nearly 40% price increase since the start of the month. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.
9:22 AM · Jun 25, 2025
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