US Technical Analysis Report

One NASDAQ– Listed Blockchain Stock Poised for Upside as Russell 3000 Edged Higher– COIN

07 June 2024

COIN:NASDAQ
Investment Type
Large-cap
Risk Level
Action
Rec. Price (US$)

Company Overview:  Coinbase Global, Inc. (NASDAQ: COIN) is a holding company of Coinbase, Inc. and other subsidiaries. The Company provides platform, which enables its users to engage in a variety of activities, including discovering, trading, staking, storing, spending, earning and using their crypto assets. This Report covers the Price Action, Technical Indicators Analysis along with the Target Levels, Stop Loss, Support Levels, Resistance Levels, and Recommendation on stock.

US Markets Round-Up

This week, the Russell 3000 index, an important benchmark of the US stock market across market capitalizations, started the week on a positive note and continued the momentum. The index made high of 3050.376 during the week and settled at 3044.467 with a week-to-date (WTD) gain of ~1.155 percent on Jun 6, 2024. Other major indices, such as S&P 500 and NASDAQ Composite displayed upside move for the week. On Jun 6, 2024, the S&P 500 index settled at 5352.95 with a WTD gain of ~1.43 percent, while the NASDAQ Composite Index settled at 17173.121 with a WTD gain of ~2.618 percent. 

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