The Coinbase stock price currently oscillates between key support and resistance levels. At $294, it demonstrates a historical pattern of support that has repeatedly drawn buyers in, but when prices dip below this level, downward pressure might increase towards lower levels. 317 acts as a pivot point before any decisive breakout, with traders waiting for either a bounce from $294 or a sustained move to $317. The stock’s recent range-bound movement indicates consolidation is likely in the near term. If the price breaks above $344, it could signal strong momentum and open new high territory, but until then, prices are likely to remain confined within these established boundaries. For context, Coinbase has seen three distinct phases since late 2024: an initial surge into early 2025 followed by a correction in Q1 & Q2, before retracing after peaking above $400 in July. It’s currently stabilizing near $300, awaiting the next catalyst. Technical indicators are showing signs of stabilization with MACD exhibiting bearish crossover and weakening downside pressure. The histogram suggests easing selling intensity and potential reversal if momentum shifts. The ALMA moving average at $308 further confirms this short-term equilibrium. Earnings season is set to influence market volatility, potentially deciding whether $300 will serve as support.