Key Resistance Levels: $263, $222
Key Support Levels: $200, $193, $189
Bull Case
Bear Case
Final Verdict
Best Trading Approach
Key Support Levels: $200, $193, $189
Bull Case
- The stock is testing a major ascending trendline near $200. If it holds, a bounce toward $221–$263 is possible.
- Oversold RSI (40.78) and Stochastic (14.33) indicate a potential relief rally if buying interest picks up.
- If COIN reclaims $222, it could push toward $250 and even $263, breaking out of the descending triangle.
- Above $263, the next major target would be $320.
Bear Case
- COIN remains in a descending triangle, signaling continued weakness unless a breakout occurs.
- A break below $189 could trigger a deeper correction to $166–$143 (Fib retracement zones).
- If $143 fails, the next major support lies at $115, with an extreme bearish target of $70.
Final Verdict
- Bullish Above $222: Expect $250–$263, then $320+.
- Bearish Below $189: Expect $166–$143 downside.
Best Trading Approach
- Aggressive Bulls: Buy near $200–$193, SL $189.
- Conservative Bulls: Buy at $166–$143, SL $138.
- Bears: Short below $189 for $166–$143.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.