Coinbase Global Inc

COIN remains in an early Stage 1 consolidation following a pronounced downtrend, trading in a defined range under its major moving averages. The medium-term directional bias is bearish, but short-term price action is extended above flat-to-rising EMAs, providing no clear sell entry. We will defer bearish execution until price rejects the upper consolidation band or fails to hold short-term EMA support.

• ↑CLARITY Act regulatory clarity set to unlock US digital asset market.
• ↑All-time high trading market share, derivatives & stablecoin use rising.
• ↓Q1 net loss $394M and 21% revenue decline signal profitability pressures.