Coinbase Global's stock (COIN) has stabilized above the $240 mark after breaking a descending trendline that had capped its price for several months. This structural breakout suggests a potential shift in market dynamics, with the $235–$240 zone now acting as a critical support level. If this support holds, COIN could target upside levels at $285, $325, and $370, aligning with previous resistance points. Momentum indicators, such as the Relative Strength Index and moving averages, reflect early signs of stabilization, though a confirmed trend reversal remains elusive. The MACD has turned positive, indicating a potential continuation of the current bounce, while volume expansion above local averages adds credibility to the rebound. However, directional strength remains weak, with ADX readings in the low-20s, suggesting that while bearish control is fading, bulls have yet to establish dominance.