- COIN trades above the broken trendline while defending the $235–$240 support zone after a prolonged downtrend.
- Momentum indicators reflect stabilization, though broader trend confirmation remains absent on higher timeframes.
- Upside levels near $285, $325, and $370 align with prior resistance if structure remains intact.
COIN price analysis centers on Coinbase Global shares reclaiming technical structure after months of decline. Price action reflects stabilization near support, while indicators point to a developing transition rather than a confirmed trend reversal.
Structural Shift After Prolonged Downtrend
COIN price analysis begins with a notable change in market structure. Coinbase recently broke above a descending trendline that guided price for several months.
This trendline had consistently capped rallies, reinforcing a bearish channel.CryptoPulse described the move as a reclaim of key structure.
Price is now retesting that trendline from above, suggesting an effort to convert resistance into support. Holding this area keeps bullish continuation viable.
The $235–$240 region has emerged as a critical demand zone. Consolidation above this level suggests sellers are losing momentum.
Failure to defend it would reintroduce downside risk and invalidate the developing structure.
Momentum Indicators Reflect Early Stabilization
COIN price analysis also considers momentum readings across several indicators. The Relative Strength Index is positioned near 50, reflecting equilibrium after prolonged weakness.
This shift indicates reduced selling pressure without confirming sustained buying strength. Short-term moving averages have flipped upward, with price trading above the 5, 13, and 20 EMAs.
However, longer-term averages remain downward sloping, reinforcing the broader corrective context. VWAP proximity suggests cautious institutional participation.
MACD has turned positive on the histogram while remaining below the zero line. This configuration typically accompanies early rebounds.
It supports continuation of the bounce but stops short of validating a full trend transition.
Volume and Directional Strength Remain Key Tests
COIN price analysis further examines volume and trend strength. Recent buying volume expanded above local averages, adding credibility to the rebound.
Continued volume expansion will be required to sustain upside progress. ADX readings remain near the low-20s, indicating weak directional strength.
The convergence of directional indicators shows bearish control fading, though bulls have not established dominance. Trend clarity remains pending.
CryptoPulse noted upside reference levels at $285, $325, and $370 if support holds. These levels align with prior resistance zones. Acceptance above them would signal broader structural improvement rather than a short-term recovery.
