Coinbase Price Levels to Watch as Stock Surges to 3-Year High
Key Takeaways
- Coinbase shares surged 20% to a three-year high Monday as investors bet that higher trading volumes and a more favorable regulatory environment under the incoming Trump Administration could benefit the crypto exchange.
- The stock broke out above the top trendline of a seven-month descending channel last week on above-average volume, with follow-through buying continuing into this week.
- Investors should watch key overhead levels on the Coinbase chart around $369, $430, and $695, while monitoring an important support area near $220.
Coinbase (COIN) shares surged to a three-year high Monday as investors bet that higher trading volumes and a more favorable regulatory environment under the incoming Trump Administration could…
