Coinbase (COIN) is a Nasdaq-listed cryptocurrency exchange company whose share prices have risen nearly 300% this year outperforming leading cryptocurrency bitcoin (BTC). Analysts at Fairlead Strategies have suggested the stock is on track to break out from a long-term base, opening the possibility of further growth towards resistance levels at $160 and potentially $200. COIN crashed in the first half of 2022, and following that crash, entered a 15-month-long base formation between $30 and $116. Last week, prices rose past $116, signaling a bullish breakout, which could be confirmed this Friday (assuming prices hold above this level). This is seen as a positive long-term development, suggesting the primary trend has shifted to a higher direction.



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