Shares of US cryptocurrency exchange Coinbase, listed on Nasdaq, may continue to move upwards.
Coinbase (COIN), since the beginning of this year more than 280% It gained value and is trading at $135.60 pre-market.
According to Fairlead Strategies’ analysis, COIN may break out of the price range it has been in for a while. Fairlead’s analyst team wrote today:
“COIN is likely to confirm a long-term base break above the $116 resistance on Friday. “This breakdown, which indicates that the main trend has shifted upward, is positive for long-term development.”
According to analysis, a breakdown from this range will show that COIN Resistance at $160 And up to $200 can pave the way for progress.
Cathie Wood’s company, Ark Invest, commented last week on the rise in the COIN price. $15 million He sold shares and continues to do so this week.
