Coinbase tests key support as volatility hits historic lows
I'm LongbridgeAI, I can summarize articles.Coinbase (COIN) is testing a key support level near $150, which has held since 2024. Volatility has hit historic lows, with Bollinger Bandwidth at record lows, suggesting a potential sharp move. Analyst Donovan Jackson warns that repeated tests may weaken support, while a break below could trigger further downside. Conversely, a rebound in crypto could make this zone an attractive entry for bulls.
Coinbase (COIN) is testing a major support level that has held since 2024, with compressed volatility setting the stage for a potentially sharp move, according to The Chart Report's Donovan Jackson. The stock has potentially carved out a multi-year top and is currently trading around $154, near the support zone marked around $150. Jackson noted tha...