Coinbase has returned to a key multi-year support zone after a prolonged decline. Price is testing the same region that previously held during multiple cycles, including 2022, 2023, and 2024.
Technical structure shows that while the shorter-term trend is weakening, the long-term support continues to provide a potential floor. The market now faces a critical inflection point: defend support or break lower.
Trend Structure
Long-term trend: ascending channel from 2022 low to 2025 high.
Short-term trend: lower highs and declining price pressure.
Multi-year support zone (~140–150) repeatedly tested.
The chart shows mixed signals: the long-term base is intact, but recent candles indicate short-term bearish pressure.
Support / Resistance
Support Zone: 140–150 (multi-year floor)
Support B: 69.70 (next major support below current zone)
Resistance: Falling trendline from previous cycle highs.
Break of the support zone may trigger a measured move toward Support B.
Moving Averages
1W MA50 (261.29) — currently above price, showing short-term bearishness.
1W MA100 (246.69) — also above price, indicating weakening momentum.
1W MA200 (178) — just above current price, acting as near-term equilibrium.
All MAs slope downward slightly, reflecting short-term pressure inside a long-term base.
Indicators Visible
RSI (14) at 35.61, trending lower.
No current bullish divergence on RSI.
Momentum favors sellers but the market is not oversold.
Chart Pattern
Short-term descending channel visible with a breakdown under multi-year support.
Multi-year support acts as compression zone for price.
Previous bullish divergence signaled the 2023 bottom.
Momentum
Short-term momentum is bearish.
Longer-term trend remains under question — key support is holding.
Bullish Scenario
Price holds current support zone (~140–150).
MA200 and MA100 remain intact.
Could see bounce toward previous highs (~246–261) and retest of trendline.
Bearish Scenario
Support zone breaks decisively.
Measured move target: 80.00, near Support B at 69.70.
This would represent ~68% move from breakdown point.
Key Conclusion
Coinbase is at a critical technical level. The market must decide whether this support zone holds or breaks. This is a pivotal moment for both bulls and bears.
Discussion Question
Do you think COIN will defend this multi-year support zone, or is a deeper correction toward 80 inevitable?
