Coinbase Global’s stock price (COIN) fell in the intraday levels after touching the 50-day SMA resistance, while testing the downward correctional short-term trend line, as the stock managed to vent off oversold saturation in the RSI in recent trading.

Therefore we expect more losses for the stock, targeting the support of $187.40, provided the resistance of $238.67 holds on.

Trend forecast: Bearish