Coinbase Global (COIN) stock price declined in its latest intraday trading, as the stock takes profits from its previous gains and attempts to gain positive momentum that could help it recover and rise again, amid continued positive support from trading above its 50-day SMA, which provides a dynamic support base that strengthens the chances of a near-term recovery, especially with the dominance of a short-term corrective upward wave while trading alongside a trend line supporting this path, in addition to continued positive signals from the Stochastic indicators.

Therefore we expect the stock price to rise in its upcoming trading, as long as it remains above the $193.30 support level, targeting the first resistance level at $231.40.

Todays price forecast: Bullish