Crypto stocks have been under bearish pressure as the sell-off in the AI market weighs on prices. Coinbase (NASDAQ: COIN), Bitmine (NYSE: BMNR), Circle (NYSE: CRCL), and Strategy (NASDAQ: MSTR) all closed lower on July 17, with traders now watching to see what is next for these stocks in the coming week: a crash or a recovery.

COIN Stock Price Tests Key Support Ahead of Earnings

COIN stock price dropped by 2.10% on July 17 to close trading at $157. During the day, this stock has dropped to test the support of $152.

The drop comes as Openheimmer trimmed its COIN stock target to $209, warning that the Coinbase exchange could report weak earnings on July 30 because crypto trading volumes on the exchange have dropped.

JPMorgan also