Coinbase’s Stock: A Dramatic Plunge into the Abyss of Misery!

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On a rather mundane Wednesday, Coinbase stock decided to perform a little pirouette, retreating over 5% as traders and investors donned their most pessimistic visages in anticipation of its fourth-quarter earnings report. One shudders to think what Great Expectations might have looked like had they been penned by a cryptocurrency enthusiast.

  • In a tragic tale, Coinbase’s share price is mired in a bear market, plummeting from a dizzying $445 in 2025 to a mere $153. A classic case of “what goes up must come down,” one might say.
  • The company is set to unveil its fourth-quarter financial results on Wednesday-if only we could look away!
  • Meanwhile, Robinhood, that charming rogue of the trading world, has seen its crypto revenue take a nosedive of 38%, dragging Coinbase along for the ride into the depths of financial despair.

Wall Street’s Gloomy Outlook for Coinbase

In an unsettling turn of events, Coinbase, the grandmaster of U.S. crypto exchanges, has seen its stock tumble to $154, a steep decline from its 2025 high of $445. Billions have evaporated faster than one can say “blockchain,” with the valuation nosediving from an eye-watering $100 billion to a more pedestrian $41 billion.

This delightful turn of events was further exacerbated as Wall Street analysts donned their bearish hats, scaling back targets amid the ongoing crypto market crash. JPMorgan, in a moment of radical optimism, reduced its target from $399 to a still-lofty $290, while holding onto the overweight rating as if it were a life preserver. Cantor Fitzgerald joined in the fun, trimming its target to $221 from $277, and Citigroup didn’t want to feel left out, cutting from $500 to $400.

The most dismal of seers, Ed Engel from Compass Point, has lowered the target from $230 to $190, all while maintaining a sell rating; a true poet of pessimism!

Coinbase’s fortunes further darkened after Robinhood’s stock price took a dive of over 10% following its Tuesday earnings report. The culprit? A staggering 38% drop in its crypto revenue for the fourth quarter, a figure that once boasted triple-digit growth. Oh, how the mighty have fallen!

It appears highly likely that Coinbase’s own financial results will mirror this bleak narrative when they are revealed post-market on Wednesday. Third-party data suggests that Coinbase’s retail transaction volume has slipped by 15% as Bitcoin (BTC) and its whimsical friends descend into the abyss. This is particularly concerning as transaction revenue serves as the bread and butter of their business model.

Wall Street analysts have taken to their crystal balls, predicting that Coinbase’s revenue will amount to $1.84 billion, a staggering 78% decline from the same period in 2024. This plummet occurs despite the acquisition of Deribit last year; one can only imagine the irony of acquiring a sinking ship.

To add insult to injury, Coinbase is likely to enter yet another lackluster first quarter due to the ongoing crypto debacle, with Bitcoin currently flirting around $67,000 and crypto ETF outflows continuing unabated. It seems Cathie Wood’s Ark Invest has decided to abandon ship as well.

Technical Analysis of Coinbase’s Stock Price

The weekly chart tells a sorrowful story, depicting Coinbase’s stock price as it has plummeted from its all-time high of $445 in July 2025 to a disheartening $153. A tragic descent indeed!

Beneath the ominous shadow of the 61.8% Fibonacci Retracement level at $190, the stock has reached key support, where it has valiantly refused to fall below on two occasions since 2024. A testament to its unwillingness to embrace failure or perhaps just stubbornness.

Add to this the fact that Coinbase’s share price has dipped below the 50-week and 100-week Exponential Moving Averages, not to mention the fragile stop & reverse levels dictated by the Murrey Math Lines tool. One could argue that it’s a veritable buffet of bad news.

If the stock plunges below the key support level at $143, it will surely confirm the bearish outlook, and we may well find ourselves gazing downward toward the 78.6% retracement level at $120. How delightfully depressing!

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2026-02-11 23:02