Coinbase stock rose from $260 and touched $382 as momentum increased above key daily resistance levels.
A new momentum bar is now formed at $355.664 and price must stay above this line to hold current trend.
Despite daily shifts the weekly chart structure remains strong and continues to support bullish market direction.
Coinbase Global Inc. ($COIN) surged above a crucial $260 level on June 28, 2025, triggering a fresh bullish momentum phase. The breakout led the stock to reach a new high of $382, marking one of its strongest rallies this year. A new momentum bar is now visible at $355.664, with price action needing to stay above it for extended gains.
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The $260 threshold had previously been highlighted as a pivotal resistance barrier, holding back upside movement in earlier attempts. Technical indicators suggest that surpassing this zone has created a new structure for upward price activity. The market now watches whether $COIN can maintain daily closes above $355.664 to confirm trend continuation.
Can Coinbase sustain its climb beyond $382 or will short-term resistance cap this breakout?
$260 Threshold Unlocks Bullish Setup
The $260 level was long recognized as a critical resistance point across Coinbase’s daily chart. Prior attempts to breach it were met with profit-taking and consolidation. However, June’s breakout marks the first successful push and hold above that level in months.
Once this barrier was breached, $COIN rapidly moved upward, reaching an intraday high of $382. This upward move signaled the start of a momentum-led breakout phase. Volume increased significantly, supporting the price action with institutional-grade participation.
A new momentum bar has now appeared at $355.664, as shared in technical breakdowns. This level becomes key for validating continued strength. Holding above this price may encourage further upside and allow $COIN to revisit its previous highs.
Technical Indicators Confirm Momentum Shift
A set of proprietary chart tools shared on June 28 outlines several metrics reinforcing the bullish structure. Volume clusters around the breakout point reveal strong accumulation patterns. The histogram bars are heavily green, with rising values confirming momentum continuation.
The MACD shows a bullish crossover, while the RSI remains above the 70 mark, indicating strength without immediate exhaustion. These indicators point toward a trend supported by momentum rather than speculative spikes.
Despite daily fluctuations, weekly chart data remains bullish, according to technical commentary. The continuation pattern builds upon consistent closes above $264.684, another key marker of structural support. As long as this level remains intact, the bullish setup remains valid.
Multiple traders and analysts have referenced this chart, using it as a base case for short-term positioning. The lack of major reversal signs suggests the trend remains intact unless volume or sentiment sharply changes.
Price Action Needs Validation Above $355.664
Sustaining momentum will require daily closes above $355.664, which now acts as a new critical support zone. This price level was formed as part of the recent breakout bar and represents the next market check for upward strength.
Failure to hold this level could lead to a short-term retest of previous resistance at $264. Conversely, maintaining this zone could allow for a secondary push above $382, continuing the breakout.
Analysts continue to monitor weekly closes to validate longer-term direction. Despite daily volatility, the stock has remained technically sound according to consistent chart signals shared with subscribers.