Swing To Trade
  • Stock
  • Politics
  • Business
  • Sports
Stock

Here’s why Coinbase stock price is about to explode higher

by admin June 29, 2025
June 29, 2025

Coinbase stock price has surged by over 140% from its level in April, and is now hovering at its highest level since 2021 when it surged to its all-time high. Its market capitalization has jumped to over $90 billion, making it one of the top financial services companies in the US. This article explores why the COIN share price is about to explode higher soon. 

Coinbase stock price to explode as Bitcoin nears breakout

The main bullish catalyst for the Coinbase share price is the upcoming Bitcoin breakout after days of consolidation.

First, as the long-term chart below shows that Bitcoin sits slightly below the ascending trendline that connects the highest swings since December 2017. It failed to move above that level in April and November 2021, and January and May this year. 

Notably, Bitcoin has formed two rounded bottoms in this period. Therefore, my expectation is that the BTC price will eventually surge above the upper side of this ascending trendline. Such a move above the multi-year line will likely lead to more gains in the long term. 

BTC price chart | Source: TradingView

Read more: Bitcoin price prediction: BTC path to $300,000 revealed

Second, the shorter-timeframe Bitcoin price chart points to more gains in the coming weeks. It has formed a bullish flag pattern, comprising of a tall vertical line and a descending channel. This pattern normally leads to more gains over time.

Bitcoin has also created a cup-and-handle pattern, comprising of a rounded bottom and a consolidation. In this case, the consolidation is part of the handle section of the cup-and-handle pattern. 

Therefore, the most likely scenario is where the Bitcoin price stages a strong comeback in the near term. If this happens, Bitcoin could surge to at least $150,000 later this year. 

BTC price chart | Source: TradingView

Why COIN stock rises when Bitcoin is jumping

A strong Bitcoin price comeback is bullish for Coinbase for three main reasons. First, Coinbase shares often do well when Bitcoin is in a strong uptrend and drop when it is falling. This performance is usually because of the overall market sentiment.

Second, Coinbase is one of the biggest Bitcoin holders in Wall Street with over 9,260 coins currently valued at almost $1 billion. As such, Coinbase’s balance sheet improves when BTC is in an uptrend. 

Third, Bitcoin gains often translates to higher altcoin prices over time, which is notable because Coinbase is a top player in the staking industry. Also, higher prices lead to a more transactions, which benefits Coinbase and other companies. 

Further, Coinbase is benefiting fro the ongoing Bitcoin and Ethereum ETF inflows because it is the biggest custodian in the industry. Spot Bitcoin ETFs have added almost $50 billion in inflows this year, while Ethereum are nearing the $4 billion milestone. 

Coinbase share price analysis

COIN price chart | Source: TradingView

The daily chart shows that the COIN share price has jumped in the past few months. It has formed a golden cross pattern as the 50-day and 200-day moving averages crossed each other. 

Coinbase stock has formed a cup-and-handle pattern, a popular bullish continuation sign. This pattern comprises of a rounded bottom and some consolidation.

The cup has a depth of about 58%, and measuring the same percentage from its upper side gives it a target of $551, up by over 55% from the current level. 

The post Here’s why Coinbase stock price is about to explode higher appeared first on Invezz

previous post
Here’s why the Celsius Holdings stock price is ripe for more gains
next post
What next for the Dave stock price after the 3,300% surge?

Related Posts

Bitzero raises $25M to expand clean crypto mining...

July 24, 2025

Oklo stock hits new all-time high today: what’s...

July 24, 2025

Molina Healthcare share slump 10% after slashing 2025...

July 24, 2025

Chipotle stock: has it lost its mojo with...

July 24, 2025

Why traditional credit scores are failing Gen Z—and...

July 24, 2025

Jim Cramer warns Kohl’s stock short sellers are...

July 23, 2025

Nvidia’s China rebound to be gradual amid H20...

July 23, 2025

Here’s why Iova stock surged 32% today and...

July 23, 2025

Air India crash: UK families devastated by wrong...

July 23, 2025

OKLO stock: is the Liberty Energy deal a...

July 23, 2025
Join The Exclusive Subscription Today And Get Premium Articles For Free

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recent Posts

    • Bitzero raises $25M to expand clean crypto mining and data centres

      July 24, 2025
    • Oklo stock hits new all-time high today: what’s behind the skyrocketing surge

      July 24, 2025
    • Molina Healthcare share slump 10% after slashing 2025 outlook again

      July 24, 2025
    • Chipotle stock: has it lost its mojo with Brian Niccol no longer at the helm?

      July 24, 2025
    • Why traditional credit scores are failing Gen Z—and what you can do about it

      July 24, 2025
    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 SwingToTrade.com All Rights Reserved.

    Swing To Trade
    • Stock
    • Politics
    • Business
    • Sports