COIN

Million

Billion

<ul class="list-ic vertical"> 
 <li> <span>1</span> <a>COIN stock price soared over 11%, showing a bullish trend in the last one month.</a> </li> 
 <li> <span>2</span> <a>Since last week, COIN stock price started showing the dominance of active bears in the market. </a> </li> 
</ul> 
<p>In year-to-date (YTD) price analysis, Coinbase Global Inc. (COIN) stock price showed a bullish trend with over 139% price rise. The recent one-month price performance of the stock also showed over 11% price gain which dropped over 7% in its recent week’s price analysis. Notably, last week, Coinbase reported its Q2 2023 results and after that, its price has shown bears’ increased dominance.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh3.googleusercontent.com/7fAhjr-nsRxqaLTWQtbheBeUjJ2dC6kDRqJGdGkoFj1R8aJAR2ndSiqO4lWKFmEwFnFJjOXGkd9HAOXiJDlvWUZ_Uyr51J7tHNznLKo59_OVBglPUU-nC1sBdxU_N9poYLWx5p-Vpww8Ik7MArltVQ" alt="COIN Price Analysis: After Bullish Trend COIN Stock Sliding Down" width="1170" height="289"> 
  <figcaption class="wp-element-caption"> <strong>Source: TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>Moreover, in one day, COIN stock recorded an over volume of 13 Million. Meanwhile, the other investment banks/brokers industry stocks such as Barclays PLC (NYSE: BCS) and Charles Schwab Corporation Common Stock (NYSE: SCHW) are following Coinbase in one-day volume activity.</p> 
<h2 class="wp-block-heading" id="strong-coin-stock-price-analysis-strong"><strong>COIN Stock Price Analysis</strong></h2> 
<p>Last week, the COIN stock price showed a bearish trend with a 7.90% price drop. Near the weekend, on August 4, 2023, COIN stock closed at $87.31 and lost $3.44 with a 3.79% of the price drop.&nbsp;</p> 
<p>The stock traded in between the price range of $94.29 to $86.70 last weekend, as per the data sourced from TradingView, a web-based social network for traders.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter"> 
  <img decoding="async" src="https://lh5.googleusercontent.com/JKTDqRYIsgg_TbCsCOOrJRFBI3joLAR365nWnRO7oEariNBFI732kULecJkJjZiIzUybfPQz3kQ-PMd7YfNAgSc85waaAATwiONmLLeX_SzzFZ2icTfz_K2w24cGW7WErTuWV7MNFv_CIyAwch4dZQ" alt="COIN Price Analysis: After Bullish Trend COIN Stock Sliding Down"> 
  <figcaption class="wp-element-caption"> <strong>Source: COIN/USD by </strong><a href="https://www.tradingview.com/x/wRdZGPar/" rel="noopener noreferrer nofollow"><strong>TradingView</strong></a> 
  </figcaption> 
 </figure> 
</div> 
<p>As the above price chart shows, in the pre-market session COIN <a href="https://www.thecoinrepublic.com/2023/08/03/will-phillips-66-stock-price-fall-more-after-its-q2-2023/" rel="noopener noreferrer nofollow">stock </a>price traveled in between its 20 and 50-day moving average. While ahead of its Q2 2023 report, COIN stock experienced over 65 Million volume in a day which took its price to nearly above $106.00.</p> 
<div class="wp-block-image"> 
 <figure class="aligncenter is-resized"> 
  <img decoding="async" loading="lazy" src="https://lh5.googleusercontent.com/mZZ0WP1pwyMInN10ZDiZHIT99dhHSGSGTNdudRERMDozlR_ZbtlM9V_Tnb4VC49yIFNVE95ATyKlgRcZuYIiZ4HoImaciqMREPRnC_BOia4rxd5ckpFOZzEtL8XkQgIXQaEgbVybvGH5btbK2qDX4g" alt="COIN Price Analysis: After Bullish Trend COIN Stock Sliding Down" width="1167" height="524"> 
  <figcaption class="wp-element-caption"> <strong>Source: Price Target of COIN Stock by TradingView</strong> 
  </figcaption> 
 </figure> 
</div> 
<p>For the upcoming year, the analysts have set their price target at $89.30, up over 2% from the recent closing price of COIN <a href="https://www.thecoinrepublic.com/2023/08/04/will-mu-stock-price-reach-near-its-20-day-moving-average/" rel="noopener noreferrer nofollow">stock</a>. Moreover, their maximum price estimate is $200.00 while the minimum estimate is $27.00.</p> 
<h3 class="wp-block-heading" id="strong-q2-2023-report-of-coinbase-strong"><strong>Q2 2023 Report of Coinbase</strong></h3> 
<p>Last week, on August 3, 2023, Coinbase Global Inc. (NASDAQ: COIN), a financial technology company, released its Q2 2023 earnings and revenue report. As per its recent quarter report, COIN earnings per share (EPS) is negative $0.42 whereas the estimation was negative $0.76 which accounts for a 44.42% surprise.</p> 
<p>The revenue for the same period amounts to $707.91 Million despite the estimated figure of $627.60 Million. For the upcoming quarter, the estimated EPS is negative $0.53, and revenue is expected to reach $664.16 Million.</p> 
<p>In 2022, the revenue of Coinbase Global reached $3.19 Billion. Out of this, $2.24 Billion came from its highest-performing source at the moment, “retail”. Additionally, the U.S. made the greatest contribution to the revenue figure which last year brought Coinbase Global to $2.68 Billion.</p> 
<h5 class="wp-block-heading"><strong>Disclaimer</strong></h5> 
<p>The views and opinions stated by the author, or any people named in this article, are for informational ideas only and do not establish financial, investment, or other advice. Investing in or trading crypto or stock comes with a risk of financial loss.</p>

COIN Price Analysis: After Bullish Trend COIN Stock Sliding Down

목차

Thecoinrepublic.com

2023년 8월 7일에 게재된 다른 기사

Decentralized asset management system launches for Arbitrum, Optimism

Dogecoin Price Prediction: Will DOGE Bounce Back in 2023?

Happy 2nd Birthday, BinStarter!

Outpost Season 15 - Sky Shield & Terminator 07/08/23 @ 00:00 UTC FOR 24HRS

Curve Finance Chaos Shakes DeFi with $110 Million Blow

BONE Outshines SHIB, LEASH in This Important Metric

무료 뉴스레터에 가입하여 매일 최신 암호화폐 소식을 받아보세요!