Coinbase price prediction,  Coinbase stock price prediction, Is Coinbase stock expected to go up?

Coinbase price prediction, Is Coinbase stock expected to go up?

After briefly trading in the critical territory last week, Coinbase's stock price fell below $200 psychologically. In particular, price movements can be compared to major cryptocurrencies. With this relationship in mind, this article will focus on the short, medium, and long-term forecasts of the Coinbase stock price.

Coinbase stock price history

Coinbase Global, Inc. Materials. It will become a public company by mid-April 2021. At that point, the stock price hit an all-time high of $429.12. A month later, it fell to $208.62, slightly above the current $205.74.

From mid-May to mid-October 2021, it will be between $260.93 and $208.62. In mid-August, it briefly exceeded the high band.

Coinbase stock price news.

Coinbase is the leading cryptocurrency exchange in the United States. You have to understand that three months is stressful. At the end of the month, the all-time low was recorded at $162.27.

It is trading below the psychologically important $200 level after breaking above this area last week. Specifically, $200 is a 3-week stable resistance level. It will trade above this range after the April 2021 release before falling below this range in late January.

Coinbase's stock price movement during past sessions can be compared to cryptocurrencies like Bitcoin and Ethereum. For example, Bitcoin surged last week to $45,929.30 from a six-month low of $32,950.55 two weeks ago. Since then, it has been trading below the initial $45,000 level.

Ethereum is trading below the $3,200 support level after last week's brief breakout. With this price trend, Coinbase stock is trading below the psychological $200 level as the bull failed to penetrate this area last week.

Coinbase shares rose as the prices of several cryptocurrencies surged as more investors traded the digital asset. Interestingly, cryptocurrency exchange Coinbase was in the midst of a temporary outage. LVI Super Bowl advertising here.

Optimism in the cryptocurrency market will support the stock price in the coming sessions. Investors are also looking forward to a fourth-quarter earnings report on February 21, which is scheduled for February 24.

What is Coinbase's market cap?

The market value is an important indicator when assessing the company's valuation. It is calculated by multiplying the outstanding shares by the company's share price. Coinbase has a market cap of $51.13 billion, according to Yahoo Finance.

Is Coinbase a good investment?

Coinbase Global has been in a downtrend since late last year. However, many factors justify its position as a good investment.

Coinbase Market Share

First of all, the company is one of the best cryptocurrency exchanges in the world. It ranks sixth in terms of daily trading volume as shown in the table below. While other companies may go public in the coming years, Coinbase is likely to remain one of the most popular companies in the United States. And all over the world.

Cryptocurrency acceptance rate

The use of cryptocurrencies has increased recently. According to the Chainalysis 2021 Global Crypto Adoption Index, the score was 24 at the end of the second quarter of this year. For comparison, a year ago it was 2.4. In 2020, the acceptance rate will increase to 881% and 2,300% in the third and twenty-first quarters, respectively. Coinbase's stock price is expected to rise as this trend continues in the coming months.

Coinbase price prediction

Is Coinbase Profitable?

Coinbase Global, Inc Q2 2015 Revenue and Earnings Estimates. In addition, the stock price has fallen significantly over the past few months due to the major sell-off in the recent market. As the chart below shows, the company has remained profitable despite the turmoil.

Coinbase stock price prediction through 2022

As mentioned above, stocks will continue to fall from mid-November 2021. During that period, it fell by 46.95%. Despite this drop, Coinbase's stock price predictions for 2022 are positive for many.

Coinbase stock price analysis

A look at the daily chart shows that despite the recent recovery, the price of Coinbase remains under pressure. It is still below the 25- and 50-day moving averages. In the short term, it can swing to the $200 psychological high while facing $207.96 in the 25-day EMA run. Then it may remain a limit in future sessions, with the bottom of the line at the support level of 175.52.

With a lot of momentum, Coinbase's share price could reach $250 in the next few months. This is the main level of NASDAQ: COIN until May 2021. However, the bulls need to break the resistance at the 50-day EMA of $226.50. On the other hand, a break below the line could fall towards the $160.00 support area.

Coinbase share price until

Coinbase's 2025 stock price forecast is negative, according to Wallet Investor. The company expects the share price of the crypto exchange to rise to $155.40 in early 2025. The company expects it to fall further to $147.12 in mid-2025 and $137.11 by the end of the year.

Although Coinbase's 2025 share price forecast is realistic, it should be noted that analysts can be wrong in their predictions. Therefore, it is very important to conduct personal research. Sticking to a stable trading plan and analyzing your risk appetite can also help you avoid losses.