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Archive
- 5/29/2026 -
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Coinbase Global (COIN) Technical Analysis
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| Summary:
| | Weekly : | | Daily : 
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| | It was a first positive week for the Coinbase Global (COIN). During the week, the COIN gained 4.04 points, or 2.18%, and closed at 189.03 on Friday, May 29, 2026. Weekly volume was -21% below average.
 Long-term trend: [See COIN long-term trend chart]
A long-term uptrend had started on January 6, 2023 at 31.55 and reached 444.65 on July 18, 2025. COIN gained -413.10 points, or -1309.35%, in 132 weeks. The chart has formed a Broadening Ascending Wedge chart pattern. The uptrend support line (283.08) is broken. A broken support is considered to be a long-term bearish signal. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.
 Medium-term trend: [See COIN medium-term trend chart]
A medium-term downtrend had started on July 18, 2025 at 444.65 and reached 139.36 on February 12, 2026. COIN lost 305.29 points, or 68.66%, in 29 weeks. The chart has formed a Broadening Descending Wedge chart pattern. The trend support level is at 47.60 and resistance is at 288.39. A Broadening Descending Wedge pattern is considered to be a reversal formation. It usually appears in a mature trend, characterized by overbought/oversold long-term and short-term indicators, and often generates divergence on long-term indicators. Use the following link to access a Broadening Descending Wedge chart pattern help, or use a Technical Stock Screener to see the list of stocks with Broadening Descending Wedge pattern in a medium-term trend.
 Weekly Technical Indicators: [See COIN weekly technical indicators chart]
Weekly technical indicators are neutral.
The weekly MACD line is above its signal line since April 10, 2026. The distance between MACD and the signal line is low and getting smaller. Use the following link to access a MACD help.
 Short-term trend: [See COIN short-term trend chart]
A short-term downtrend had started on May 14, 2026 at 222.35 and reached 169.17 on May 28, 2026. COIN lost 53.18 points, or 23.92%, in 14 days. Price is near the Fibonacci 38.2% retracement level. The Fibonacci retracement level is considered a support/resistance level.
Daily Technical Indicators: [See COIN daily technical indicators chart]
Daily technical indicators are neutral. During the last week, daily Lane's Stochastic main line (%K) has rallied above the oversold signal line (%D). Such crossover is considered a bullish signal. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Lane's Stochastic help.
The daily MACD line is below its signal line since May 15, 2026. This is an indication that the short-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current short-term downtrend is getting stronger.
Price is close to the 50 Day Moving Average. The moving average crossover signals work better when the stock develops a strong trend, but they are ineffective when the stock is in a trading range. Moving average crossover systems can be effective, but should be used in conjunction with trend patterns, momentum indicators, candlesticks and other aspects of technical analysis. Use the following links to access Moving Average Crossover trading technique, or use the Technical Stock Screener to see the list of stocks with the Moving Average close to the price level.
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