Coinbase Global (COIN) posted a slight increase in its latest intraday trading, as the stock attempts to recover part of its previous losses while also trying to unwind its clear oversold pressure on the Relative Strength Indicators, especially with positive signals starting to appear. This comes despite the dominance of a steep short-term corrective downtrend and continued negative pressure from trading below its 50-day simple moving average.

Therefore, our expectations lean toward a decline in the stocks price in the upcoming sessions, particularly if it breaks below the key support at $235.30, after which it would target its next support level at $193.35.

Todays price forecast: Bearish