COIN/USD:
The current market price is at 350.22, which shows a decrease of 1.5% from the previous close.
Support and Resistance Levels
The support levels are 340.00, 345.00, and 347.50, while the resistance levels are 355.00, 360.00, and 365.00. The pivot point is at 350.22.
Indicators
The RSI is at 75.36, indicating potential overbought conditions. ATR is 1.20025, suggesting volatility. ADX is 91.01093, indicating a strong trend. The 50-day SMA is 345.7688, and EMA is 350.76478.
Market Sentiment
Currently, the market price is slightly above the pivot point (350.22), suggesting a bullish trend supported by RSI and ADX readings.
COIN Signals & Technical Analysis
Last Updated: <% indicators.interval.updated|date:'MMM d, y h:mm:ss a' %>
Coinbase is a popular cryptocurrency exchange platform that allows users to buy, sell, and store various cryptocurrencies. In addition to Bitcoin, Ethereum, and Litecoin, Coinbase also supports KCS, XPR, MDT, and other digital currencies. Here's an overview of these cryptocurrencies and their relationship with Coinbase.
KCS Coinbase
KCS is the native token of the KuCoin cryptocurrency exchange, which operates similarly to Coinbase. KuCoin offers a wide range of cryptocurrency trading pairs and provides users with advanced trading tools and features. KCS token holders can receive a discount on trading fees and participate in KuCoin's revenue-sharing program.
Coinbase FIO
FIO is short for Foundation for Interwallet Operability, a non-profit organization that aims to simplify cryptocurrency transactions and increase adoption. Coinbase is a member of the FIO and supports the FIO Protocol, which allows users to send and receive cryptocurrency using human-readable addresses.
XPR Coinbase
XPR, also known as Ripple, is a digital currency primarily used for financial transactions. Coinbase added XRP to its platform in early 2019, allowing users to buy, sell, and store XRP alongside other cryptocurrencies. XRP is unique in that it is designed to facilitate cross-border payments and reduce transaction times and fees.
MDT Coinbase
MDT is the native token of Measurable Data Token, a blockchain-based platform for data exchange and marketplace. Coinbase added MDT to its platform in late 2020, allowing users to buy, sell, and store MDT alongside other cryptocurrencies. MDT is designed to incentivize data providers to share their data in a secure and transparent manner.
COIN - FAQs
Is COIN/USD a good trading pair?
Advancements across the blockchain industry and the entry of new crypto markets are likely to steer the growth of Coinbase higher. Besides, the exchange offers high trust and security. This means investors are going to pay a premium for its stocks in the long term.
Is COIN bullish or bearish?
After last year’s market turmoil, the crypto market has started showing recovery signs with Bitcoin price crossing $24. The market capitalization also crossed $1.1 Trillion. These and other positive indicators across the crypto market show that Coinbase stock is pretty bullish.
Is COIN getting stronger against USD?
The only problem with the COIN/USD pair is that Coinbase is not reliable as a forex asset class due to the unpredictability of the cryptocurrency market. Nonetheless, sentiments around digital assets are currently positive. Despite the present growing strength of the dollar, COIN aims to rise in the long term.
What affects the price movements of COIN?
Cryptocurrency price movements, new product launches and listings on the Coinbase exchange, the price of Bitcoin, financial services oversight as well as any regulatory decisions that affect the fintech sector. Bitcoin core development, as well as the general progress of the DeFi sector, are likely to affect the price of COIN.