$COIN
Added 2025-05-19 19:36:34 +0000 UTCThe set up is there to continue going higher and my PT of $369 in the short term is still active.
$COIN getting added to the S&P 500 is a very positive catalyst and they believe it is a strong addition to the Top 500 companies in the US too.
Price did hold the 200 WMA and the 0.618 Fib very nicely at $153 and already above the 50 WMA now at $264.
There is also very little in the way of resistance above to the previous high at $350 and to $369
The Bullish Technical PT is $705 over the next 2 years.
Comments
What happens to Coin when all the major banks start making crypto trading available? From my contact at my bank, it’s happening end of the year. I would imagine Coin’s fee structure will get crushed pretty quickly as their moat evaporates.
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2025-05-19 22:31:39 +0000 UTCCap, seeing as there’s a gap up from S&P inclusion. What’s a good entry price?
Karthik Kalapatapu
2025-05-19 22:07:18 +0000 UTC
