📊 Coinbase ($COIN) Update

🔼 What's Boosting It?

1. Bitcoin Stability – $BTC is comfortably above $100K, bolstering sentiment for crypto equities like $COIN.

2. Rising Volume – Coinbase’s daily volume surged ~22% week-over-week, which suggests stronger fee revenue prospects.

3. Institutional Leverage – As a key custodian for major crypto ETFs (e.g., BlackRock), Coinbase benefits from increased crypto adoption.

4. Bullish Setup – Currently trading above its 50‑day MA (~$340), with a potential cup‑and‑handle pattern forming. A solid break above $360–365 could target $400 next.

⚠️ Risks Ahead

Regulatory Pressure – Ongoing SEC scrutiny may keep a lid on upside.

Crypto Correlation – A sudden drop in Bitcoin or Ethereum could drag COIN downward.

Momentum Fatigue – After the current rebound, a natural profit-taking pause may occur.

🔮 Price Outlook (3–7 Days)

Bull Case: Sustained BTC > $100K + volume momentum → COIN can climb to $380–400

Base Case: Range-bound momentum with sideways BTC → consolidates between $330–360

Bear Case: BTC dips to $95K or regulatory headlines emerge → test $310–320

🧭 What to Do

Dip Buyers: Look to establish positions near $345–350, with tight stops below $330

Breakout Traders: A push above $365 could open the path to $400+

Defensive Move: If Bitcoin shows weakness, consider $COIN puts or hedging via crypto ETFs

I'm not a financial advisor. Trade wisely, Comrades!