Coinbase (NASDAQ: COIN) has plummeted 46% from its peak. This sharp decline mirrors a broader sell-off gripping each crypto and fairness markets. The convergence of those downturns creates a essential technical juncture for the inventory.
At this time, we’ll dissect the Elliott Wave correction presently in progress. Our evaluation establishes a transparent potential path for the inventory over the approaching months, offering a strategic roadmap for merchants navigating this volatility..
Elliott Wave Evaluation
A transparent constructive correlation hyperlinks Bitcoin and COIN. Each property constantly share main highs and lows. Consequently, we count on this relationship to proceed through the present downturn. Moreover, Bitcoin now approaches its April 2025 low. It is going to seemingly retest the September 2024 low subsequent. Due to this fact, COIN ought to observe this similar path. This alignment targets the $150 space for Coinbase.
Coinbase Vs Bitcoin
The COIN weekly chart reveals a better excessive sequence after July’s all-time highs. Since then, a bigger diploma pullback has began. This correction goals to appropriate the five-wave advance from the January 2023 low.
The pullback is unfolding as a three-wave zigzag construction. Wave ((A)) ended at $291 on August 20, 2025. Subsequently, wave ((B)) bounced to $402 by October 10, 2025. At present, wave ((C)) is progressing and has entered the $249 equal legs space.
Nevertheless, Bitcoin’s urged correction implies additional COIN weak spot. Due to this fact, we count on a transfer towards the $154 Fibonacci 1.618 extension into subsequent yr. This projected low ought to full wave II and setup the following main rally.
COIN Weekly Chart 11.21.2025
Conclusion
COIN is present process a crucial weekly correction, organising a strategic funding alternative for subsequent yr. You may exactly time your entry into this and different trades utilizing our Elliott Wave technique. Our methodology identifies optimum entries after a 3, 7, or 11-swing correction completes. Moreover, our proprietary Blue Field system pinpoints high-probability reversal zones with readability and confidence.
Supply: https://elliottwave-forecast.com/stock-market/coinbase-coin-sell-off/