Coinbase Rebounds at $145 Support Level, Suggesting Potential New Uptrend
Coinbase shares bounced off their established $145 support level for the third time, triggering a rally after buyers outbid sellers following downtrends in August 2024 and April 2025. The repeated $145 floor has attracted buy orders that could sustain a new uptrend if buyers continue to push prices higher.
1. Bounce at $145 Support
Shares surged 17.8% Friday after reversing upward from the $145 support level, marking a significant intraday move. Chart patterns indicate buyers aggressively stepping in at this price floor to absorb selling pressure.
2. Historical Context of Support Tests
In August 2024, heavy sell orders drove Coinbase into a downtrend until buyers defended $145, triggering the first rally. The same support held in April 2025 when investors who sold at that level placed buy orders, reinforcing the floor’s reliability.
3. Uptrend Outlook
Repeated tests of a strong support level often lead to sustained momentum as buyers outbid one another. If buy orders continue to cluster at $145, the resulting demand could fuel further upside and establish a durable uptrend.