$Coinbase Global, Inc.(COIN)$

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qixoo
2024-10-09

$Coinbase Global, Inc.(COIN)$ COIN is showing weakness despite Bitcoin's rise. When BTC was around $49K, COIN was trading at $150, and now with BTC at $63K, COIN is still only at $160 and isn't pumping as it used to. It seems like there's a disconnect between COIN and BTC's performance. My price target remains cautious for now—I'm waiting to see whether COIN can break out of this stagnation. The company may need to demonstrate stronger fundamentals or catalysts to match Bitcoin's rally.

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