{"id":19638,"date":"2025-03-28T20:02:38","date_gmt":"2025-03-28T20:02:38","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=19638"},"modified":"2025-03-28T20:02:38","modified_gmt":"2025-03-28T20:02:38","slug":"options-corner-coinbases-crossroads-bearish-signal-or-bullish-opportunity","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=19638","title":{"rendered":"Options Corner: Coinbase’s Crossroads \u2014 Bearish Signal Or Bullish Opportunity?"},"content":{"rendered":"
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From a snapshot perspective of market sentiment, cryptocurrency exchange and services provider Coinbase Global Inc<\/strong> (NASDAQ:COIN<\/a>) does not appear to be walking on auspicious grounds. <\/p>\n

Instead, circumstances seem quite bearish. Still, a rotation in opinion may be materializing among smart money traders or the so-called whales. As such, bullish speculators may have a fast-approaching opportunity in Coinbase stock.<\/p>\n

Again, at first glance, the notion of imminent upside appears far-fetched, to say the least. One of the more damning indicators is the death cross<\/a>. A phenomenon that describes when a shorter-running moving average slips beneath a longer-running average \u2014 typically the 50-day moving average falling below the 200 DMA \u2014 the death cross symbolizes a deceleration of momentum. In some cases, it could also signal the beginning of a prolonged downturn or an outright bear market.<\/p>\n

To be clear, Coinbase stock has yet to officially print a death cross \u2014 but, it’s very much on the cusp of doing so. At time of writing on Friday, Coinbase\u2019s 50 DMA lands at $239.54, while the 200 DMA sits at $232.26 \u2014 a gap of only 3.13%. Today’s big drop, contributing to a five-day loss of roughly 12%, has accelerated the likelihood of the dreaded signal flashing.<\/p>\n

What’s more, technical analysts have warned certain cryptos themselves are at risk of printing the death cross<\/a>. Since Coinbase stock in many ways represents a proxy of the broader crypto complex, an erosion of confidence in the underlying benchmark would seem to bode poorly for Coinbase stakeholders.<\/p>\n

Why Coinbase Stock Could be Offering a Contrarian Setup<\/strong><\/h1>\n

Despite the ominous-sounding nature of the death cross, in certain situations, …<\/p>\n

Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"

From a snapshot perspective of market sentiment, cryptocurrency exchange and services provider Coinbase Global Inc (NASDAQ:COIN) does not appear to be walking on auspicious grounds. Instead, circumstances seem quite bearish. Still, a rotation in opinion may be materializing among smart money traders or the so-called whales. As such, bullish speculators may have a fast-approaching opportunity […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-19638","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19638","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=19638"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/19638\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=19638"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=19638"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=19638"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}