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Stock impact report

Watch These Coinbase Price Levels After Stock's 20% Drop in March [Yahoo! Finance]

Coinbase Global, Inc. - Class A (COIN) 
US:NASDAQ Investor Relations: convertedorganic.com
Company Research Source: Yahoo! Finance
Shares of the crypto exchange have retreated within a descending broadening formation, with the 50-day moving average poised to cross below the 200-day MA to form an ominous death cross, a chart pattern that signals lower prices. Investors should watch major support levels on the Coinbase chart around $146 and $115, while also monitoring key resistance levels near $206 and $264. Coinbase ( COIN ) shares lost ground for a fourth-consecutive session on Monday, wrapping up a volatile month in which the stock lost one-fifth of its value. Shares of the largest U.S.-based crypto brokerage have fallen sharply since registering a three-year high in early December. The decline closely correlates with a steep fall in trading volumes on the exchange since that time amid a significant retracement in bitcoin's price, prompting concerns that lower transaction fees could crimp the company's revenue Coinbase shares have lost about half their value from their December peak, tracking a broad s Show less Read more
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