---
title: "COIN's price soars to $185.18, driven by Abu Dhabi license, up 25% weekly. Will $198 resistance hold?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/296687981.md"
description: "The tokenized stock of COIN is currently being traded at $185.18 on the Binance platform, experiencing a significant increase due to a weekly surge of over 25%. This surge was primarily fueled by the news of Coinbase obtaining a tokenization license in Abu Dhabi. The Relative Strength Index (RSI) is indicating that the stock is entering overbought territory, suggesting potential caution for investors in light of the current price movement."
datetime: "2026-08-22T20:34:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/296687981.md)
  - [en](https://longbridge.com/en/news/296687981.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/296687981.md)
generator: "portal-rs"
---

# COIN's price soars to $185.18, driven by Abu Dhabi license, up 25% weekly. Will $198 resistance hold?

The tokenized stock of COIN is currently being traded at $185.18 on the Binance platform, experiencing a significant increase due to a weekly surge of over 25%. This surge was primarily fueled by the news of Coinbase obtaining a tokenization license in Abu Dhabi. The Relative Strength Index (RSI) is indicating that the stock is entering overbought territory, suggesting potential caution for investors in light of the current price movement.

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---
> **Disclaimer: This article is for reference only and does not constitute any investment advice.**