Coinbase Stock Faces $150 Test as Earnings Raise Breakout Hopes

Key Insights Coinbase stock faces an earnings test as Wall Street forecasts a sharp decline in third-quarter revenue. Short interest reached 10.81% of float, although reported short positions declined before earnings. Coinbase stock faces $150 support, while a potential bullish reversal could expose $200 resistance. Coinbase stock remained under pressure ahead of the company’s third-quarter earnings announcement on Oct. 29. Wall Street expects weaker revenue, while elevated short interest reflects continued uncertainty. However, the technical outlook presents competing scenarios around $150 support and $200 resistance. Investors will assess whether earnings can reverse the recent decline.