As per CoinRepublic, Coinbase (COIN) stock remains under pressure despite the launch of new products in the US, including futures, perpetual futures, and stock trading. Investors have shown caution, with limited fresh capital entering the stock and money flow data indicating a lack of institutional interest. If the stock breaks below $244, it could drop 18% toward $198. The stock fell over 3% in the past 24 hours and has continued to decline for the past month. The market's reaction suggests a focus on risk and price levels rather than headlines. The new products, while significant, were launched during a weak crypto market, raising concerns about leverage and volatility. Coinbase now faces competition from platforms like Robinhood in the stock trading space, increasing costs and regulatory pressures. Chart analysis shows key support and resistance levels, with traders closely monitoring price behavior and money flow.
Coinbase Stock Faces 18% Downside Risk After New Product Launch Fails to Impress
The Coin RepublicShare
Summary
Coinbase (COIN) stock faces 18% downside risk after new product launches failed to boost **risk appetite**. Futures, perpetuals, and stock trading rolled out in the U.S., but investors remain cautious. Money flow shows little institutional interest. The stock fell 3% in 24 hours and has dropped for a month. A break below $244 could send it to $198. The weak crypto backdrop and rising competition from Robinhood add pressure. Traders watch key levels and **altcoins to watch** for market shifts.
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