Coinbase stock (COIN) in danger of another 60% crash by September — Here's why

Coinbase stock (COIN) in danger of another 60% crash by September — Here's why


Coinbase (COIN) stock bounced by 4.35% to $57 on July 27 after shedding roughly 20% over the past week. But more downside is likely despite the release of Coinbase’s first installment of the Bored Ape Yacht Club-featured movie called The Degen Trilogy.

THE DEGEN TRILOGY: PART ONE

⛓️RUN THE CHAIN⛓️

Here’s a first look at what we’ve been building with the community ️ pic.twitter.com/RSV6McnMlw

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— Coinbase (@coinbase) July 26, 2022Bad news stalls COIN’s rally

Overall, COIN is down roughly 83% since its Nasdaq debut in April 2021 with more losses possible due to weak fundamentals and bearish technicals.

To recap, COIN reached $79 on July 20, five days after breaking out of its “ascending triangle” pattern. As a rule, COIN’s profit target was supposed to be around $120, up over 130% from

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