Coinbase Stock Surges 47% Breaking $260 Resistance

Coinbase Global Inc. ($COIN) experienced a significant surge on June 28, 2025, breaking above the crucial $260 level. This breakout triggered a fresh bullish momentum phase, propelling the stock to a new high of $382. The $260 threshold had previously acted as a pivotal resistance barrier, holding back upside movement in earlier attempts. However, once this level was surpassed, $COIN rapidly moved upward, marking one of its strongest rallies this year.

A new momentum bar has now formed at $355.664, indicating that $COIN must close above this level for multiple days to sustain the current trend. Technical indicators suggest that surpassing the $260 zone has created a new structure for upward price activity. The market is now watching whether $COIN can maintain daily closes above $355.664 to confirm trend continuation.

The breakout was supported by significant volume, indicating institutional-grade participation. A set of proprietary chart tools outlines several metrics reinforcing the bullish structure. Volume clusters around the breakout point reveal strong accumulation patterns, and the histogram bars are heavily green, with rising values confirming momentum continuation. The MACD shows a bullish crossover, while the RSI remains above the 70 mark, indicating strength without immediate exhaustion. These indicators point toward a trend supported by momentum rather than speculative spikes.

Despite daily fluctuations, the weekly chart structure remains strong and continues to support the bullish market direction. The continuation pattern builds upon consistent closes above $264.684, another key marker of structural support. As long as this level remains intact, the bullish setup remains valid. Multiple traders and analysts have referenced this chart, using it as a base case for short-term positioning. The lack of major reversal signs suggests the trend remains intact unless volume or sentiment sharply changes.

Sustaining momentum will require daily closes above $355.664, which now acts as a new critical support zone. This price level was formed as part of the recent breakout bar and represents the next market check for upward strength. Failure to hold this level could lead to a short-term retest of previous resistance at $264. Conversely, maintaining this zone could allow for a secondary push above $382, continuing the breakout. Analysts continue to monitor weekly closes to validate longer-term direction. Despite daily volatility, the stock has remained technically sound according to consistent chart signals.