$Coinbase Global, Inc.(COIN)$ $CME Bitcoin - main 2507(BTCmain)$ $Strategy(MSTR)$ 🚀🔥🧠 COIN Smashes $404.89 ALL timeHigh as Crypto Laws Advance, Momentum or Mania? 🧠🔥🚀
COIN isn’t just climbing, it’s charging through resistance with institutional intent. This week’s breakout above its 52-week high wasn’t just a chart event, it’s a macro inflection. And the timing couldn’t be more calculated.
📜 House Pushes Through Landmark Crypto Legislation
🚨📰🗞️ IN-JUST-IN: The U.S. House has voted to advance three transformative crypto bills:
• The GENIUS Act: Stablecoin frameworks gain regulatory clarity
• The CLARITY Act: @Tiger_Earnings Digital assets get asset-class categorisation
• Anti-CBDC Bill: A firewall against surveillance-linked state crypto
This is the structural clarity institutions have been demanding. With passage in sight, Coinbase isn’t just a platform, it’s becoming the compliant on-ramp for the next sovereign wave of digital capital.
🧠 From Disruptor to Infrastructure
Coinbase has crossed the Rubicon. Since entering the S&P 500 in May, it’s captured index fund flows and ETF demand. The Deribit acquisition expands its derivatives footprint, making COIN the institutional exchange of record for everything from spot to staked ETH.
Q1 revenues hit $2.03B. Despite a mild EPS miss ($1.94 vs $2.18 est), guidance held firm and analysts doubled down. Benchmark raised its target to $420. Oppenheimer is holding $395. Fresh options flow now implies $450+ isn’t out of the question, especially if Crypto Week concludes in law.
📊 Bitcoin Gann Levels Add Context
Here’s where things get beautifully aligned:
The weekly Bitcoin Gann Square I’ve been tracking since late 2024 just held horizontal support from last week’s breakout. If it continues to hold, I see $128K as the next Fibonacci-driven leve, followed by $150K–$160K in the next macro leg.
That price trajectory supports volatility, volume, and institutional flows, all of which directly lift Coinbase’s revenue model across trading, custody, and staking.
🧠 Technicals + Flow Confirm the Thesis
Technically, COIN cleared a 3-month resistance shelf. With bullish continuation candles printing on strong volume, the daily chart targets $427 on extension. Gamma flow into next-week $410–$420 calls has exploded, suggesting institutions are managing upside risk or quietly accumulating.
Add to that the weekly RSI hovering just below 70, still not overbought, and you’ve got a runway.
⚠️ What Could Derail It?
Senate rejection of these bills or a Coinbase earnings miss (due 31Jul25 after hours) could briefly cool the rally. But the bigger picture remains anchored: the market is structurally repricing COIN from “speculative crypto exchange” to “regulated digital infrastructure.”
🎯 Conclusion: This Is Not a FOMO Spike ~ It’s a Recalibration
COIN isn’t just reacting, it’s repricing. With U.S. policy finally catching up to digital finance, the breakout through $404.89 was the ignition. Earnings will be the accelerant. If the legislation closes by month-end, and BTC keeps respecting its Gann breakout, then $450 is not a moonshot, it’s a midpoint.
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- Tui Jude·07-17TOPYou’ve nailed the macro-technical intersection here. That legislative momentum from the House changes the whole institutional access narrative. If BTC keeps tracking to $128K, COIN’s valuation ceiling gets pulled higher. Also love the Deribit angle!4Report
- Hen Solo·07-17TOPWhat stands out to me is how you tied options flow into the structural move. Everyone’s watching price but ignoring how aggressively $410–$420 calls got loaded this week. That’s smart money hedging upside or preparing for a squeeze. Post-earnings theta burn could be vicious if guidance hits.2Report
- Cool Cat Winston·07-17TOPThis is one of the cleanest multi-timeframe breakouts I’ve seen from COIN. The $404.89 level wasn’t just resistance, it was a regime shift. Combine that with BTC respecting the Gann level, and your $450 target starts looking conservative. I’m watching GBTC and MSTR too for spillover tells.2Report
- Kiwi Tigress·07-17TOP🔥COIN snapped that high like it owed us something lol. Gotta say the BTC chart you dropped is clean af. If this legislation lands, we might be witnessing the Web3 Nasdaq moment5Report
- Queengirlypops·07-17TOP🧊Okay but $450 feels low if BTC really makes a sprint. Coinbase about to become the JPM of crypto if they keep scaling like this. You cooked with that Gann chart drop btw.1Report
