Coinbase Flashes Golden Cross: Technical Indicators Align In Crypto Bulls' Favor

Benzinga11-29 21:58

Coinbase Global Inc. COIN has been riding a wave of bullish momentum, and the charts just delivered a major technical milestone: a golden cross. The stock soared 143.3% over the past year, 31.41% in ...

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COIN has been riding a wave of bullish momentum, and the charts just delivered a major technical milestone: a golden cross.\nThe stock soared 143.3% over the past year, 31.41% in ...</p>\n\n<a href=\"https://www.benzinga.com/24/11/42244004/coinbase-flashes-golden-cross-a-crypto-bull-signal\">Source Link</a>\n\n</div>\n","source":"Benzinga","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Coinbase Flashes Golden Cross: Technical Indicators Align In Crypto Bulls' Favor</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nCoinbase Flashes Golden Cross: Technical Indicators Align In Crypto Bulls' Favor\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-11-29 21:58 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/24/11/42244004/coinbase-flashes-golden-cross-a-crypto-bull-signal><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Coinbase Global Inc. COIN has been riding a wave of bullish momentum, and the charts just delivered a major technical milestone: a golden cross.\nThe stock soared 143.3% over the past year, 31.41% in ...</p>\n\n<a href=\"https://www.benzinga.com/24/11/42244004/coinbase-flashes-golden-cross-a-crypto-bull-signal\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"RSI","symbol_name":"Rush Street Interactive, Inc.","start_time":0,"source_url":"https://www.benzinga.com/24/11/42244004/coinbase-flashes-golden-cross-a-crypto-bull-signal","article_id":"2487550645","we_media_id":null,"thumbnails":["https://www.benzinga.com/files/images/story/2024/11/29/The-Coinbase-Trade.jpeg"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2487550645","pubTimestamp":1732888681,"sourceInfo":{"source_id":"Benzinga","name":"Benzinga Cypto"},"weMediaInfo":null,"summary":"Coinbase has seen a 143.3% surge in stock price over the past year, with technical indicators showing bullish momentum and potential for continued growth.","collect":0,"end_time":0,"defaultTopTitle":"benzinga.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"RSI":"Rush Street Interactive, Inc.","LU1861558580.USD":"日兴方舟颠覆性创新基金B","BK4554":"元宇宙及AR概念","BK4600":"加密货币概念","COIN":"Coinbase Global, Inc.","BK4150":"赌场与赌博","BK4112":"金融交易所和数据","BK4516":"特朗普概念","LU1861559042.SGD":"日兴方舟颠覆性创新基金B SGD","BK4596":"哈里斯概念","BK4551":"寇图资本持仓","BK4535":"淡马锡持仓","BK4585":"ETF&股票定投概念","BK4588":"碎股","BK4595":"比特币概念","BK4539":"次新股"},"translate_title":"Coinbase闪烁黄金十字：技术指标对加密多头有利","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"RSI":1,"COIN":1},"content_text":"Coinbase Global Inc. COIN has been riding a wave of bullish momentum, and the charts just delivered a major technical milestone: a golden cross.\nThe stock soared 143.3% over the past year, 31.41% in the past six months, and 41.57% in the last month. Whether this rally has more juice left in the tank remains to be seen.\nCOIN’s Golden Cross: A Perfect Setup For Bulls\nThe technical indicators are aligning in Coinbase's favor. \n\nChart created using Benzinga Pro\nThe stock price, at $311.99, is comfortably above its key simple moving averages (SMAs), painting a picture of robust buying pressure:\n\nEight-day SMA: $309.12\n20-day SMA: $282.74\n50-day SMA: $225.66\n200-day SMA: $220.63\n\nEach level screams \"bullish,\" signaling continued upside potential. Even the moving average convergence/divergence (MACD) indicator at 25.97 and the relative strength index (RSI) at 61.37 suggest that while the stock is approaching overbought territory, there's still room for the bulls to run before a pullback becomes likely.\nRead Also: Coinbase’s Armstrong: Warren Was Involved In ‘One Of The Most Unethical, Un-American Things In The Biden Administration’\nRegulatory Strategy: Turning Risks Into Rewards\nDespite the turbulent regulatory environment for cryptocurrencies, Coinbase has managed to navigate these waters with finesse. By engaging with policymakers and prioritizing compliance, the company is positioning itself as a trusted name in the industry. \nThis proactive approach not only minimizes risks but also enhances investor confidence in its long-term trajectory.\nTech-Driven Growth Powers Ahead\nCoinbase's relentless investment in blockchain innovation and user-centric technology is paying dividends. As the exchange expands its offerings and refines its platform, it continues to attract a growing user base. These advancements bolster its competitive edge, ensuring sustained growth even in a volatile crypto market.\nCoinbase's Golden Cross isn't just a blip on the radar—it's a flashing green light for bullish investors. Backed by strong technical indicators, strategic regulatory moves, and cutting-edge innovation, COIN appears well-positioned to keep climbing. While caution is warranted as RSI inches closer to overbought levels, the momentum is firmly in the bulls' hands.\nIs this Golden Cross a sign of Coinbase's ascent to new heights? \nThe charts—and the fundamentals—seem to think so.\nRead Next: \n\nMicroStrategy, Coinbase, And Other Bitcoin-Linked Stocks Tumble As BTC’s March To $100,000 Stalls\nCOINCoinbase Global Inc$311.750.25%Overview Rating:Speculative50%Technicals Analysis1000100Financials Analysis200100WatchlistOverviewMarket News and Data brought to you by Benzinga APIs© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2487550645"}