Watch These Coinbase Price Levels as Stock Rallies to Start 2025
Key Takeaways
- Coinbase shares are off to a strong start this year as the cryptocurrency exchange continues to benefit from optimism that the incoming Trump administration and a crypto-friendly Congress will support policies that benefit the asset class.
- After setting a three-year high in early December, the stock has retraced about half of its post-election rally, with the price sitting roughly midway between the 200- and 50-day moving averages.
- Investors should watch key support levels on the Coinbase chart around $220 and $187, while also monitoring important resistance levels near $283 and $342.
Coinbase (COIN) shares are off to a strong start this year following a recent retracement.
Since Donald Trump’s election win in early…
