Can Coinbase (COIN) Break $274 Like Palantir (PLTR) Did at $32?

• Coinbase is at a critical price level that could lead to a big upward move.  
• If it breaks above resistance it may follow a pattern like Palantir’s past rally.  
• A strong push higher needs more volume and a solid market to support it.

Coinbase Global Inc. ($COIN) is at a critical technical juncture, mirroring a price structure previously seen in Palantir Technologies Inc. ($PLTR). According to Cantonese_Cat, who shared the analysis, $COIN is currently testing a major resistance zone—dubbed the “last boss”—on its monthly chart, much like $PLTR did before its explosive rally in July 2024. Using the Ichimoku Cloud, the chart comparison suggests that if $COIN clears this level, it could enter an accelerated bullish phase similar to what $PLTR experienced. However, failure to break past this resistance could result in a period of consolidation or even rejection.  

Source: Cantonese_ Cat

Palantir’s Breakout: A Blueprint for Coinbase?

Looking at Palantir’s performance, the monthly chart shows a prolonged consolidation phase below the $32 resistance level, referred to as the “last boss” in the analysis. For nearly two years, $PLTR struggled to break through, bouncing between support and resistance. However, in July 2024, a sharp breakout occurred, propelling the stock well beyond $100 in less than a year. 

At its peak, $PLTR hit $117.55, gaining over 260% from its breakout level of around $32. The Ichimoku indicator also confirmed this move as the price surged far above the cloud, indicating sustained bullish momentum. This performance raises the question—can Coinbase replicate this pattern?

Coinbase at the “Last Boss” Level

$COIN is currently sitting just below a key monthly resistance zone, marked around $274.90. The structure closely resembles Palantir’s pre-breakout positioning, with price action consolidating just under the Ichimoku Cloud resistance. The chart also highlights a “launch pad”, suggesting that if $COIN clears this level, it could see an aggressive rally in the coming months.

However, there are notable differences. Unlike Palantir, Coinbase’s trading volume has not yet expanded significantly, meaning bullish conviction is still being tested.

Final Thoughts: Is $COIN Ready for Takeoff?

The Coinbase setup presents a compelling case for a potential high-momentum breakout, but it remains highly dependent on volume expansion and market sentiment. If Bitcoin maintains its bullish trajectory and ]investors step in, $COIN could easily see a surge. However, failure to break through $274.90 cleanly may result in a prolonged consolidation period, delaying any bullish move.

For now, traders and investors should closely monitor the Ichimoku Cloud, volume levels, and price action above resistance, as these will be key indicators of whether $COIN follows in $PLTR’s footsteps or remains stuck at the “last boss.”