RudyAsh

 29 Nov 23

tl;dr

Coinbase Global's stock has experienced a significant price increase of 247% during 2023, driven by the renewed rise in cryptocurrency pricing/interest. However, an uncertain regulatory environment for crypto trading, on top of analyst-projected operating losses until 2027, raises doubts about ...

Coinbase Global's stock has experienced a significant price increase of 247% during 2023, driven by the renewed rise in cryptocurrency pricing/interest.

However, an uncertain regulatory environment for crypto trading, on top of analyst-projected operating losses until 2027, raises doubts about COIN's future.

Weak technical trading indicators and momentum patterns suggest investors sell and/or avoid the stock.

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