Will Coinbase Stock Crash After Reporting Earnings Tomorrow?

Coinbase Earnings and Stock Analysis00:00

Coinbase is set to report earnings tomorrow. On the larger time frame, it is retesting a common support range around $150 per share. Last time it traded at $150 was during the trade war selloff in 2025. It retested that range middle to late 2024 and end of 2023, when it was previous resistance.

Coinbase experienced selling pressure today due to Robinhood's earnings reported yesterday. Robinhood lowered guidance for 2026. Robinhood and Coinbase have similar businesses: revenue from trading fees, trading activity, and payment for order flow on free or low-commission platforms. High trading activity at all-time highs generates more revenue.

Robinhood highlighted declining trading activity after crypto peaked in Q4 2025. Coinbase, more focused on crypto (down 50%), faces similar pressures. Bitcoin down 50% from highs of $444 to current $153 (65% retracement).

Opinion: Coinbase will sell off further as long as crypto falls. Overleveraged crypto traders getting liquidated reduces buying pressure, increases panic selling, slows trading activity. If continues, could break support at $140, retest $120, $115, or $100.

Hopes Coinbase avoided overleveraging like FTX, which couldn't handle withdrawals during retrace. Grown to appreciate these businesses despite overvaluation. Investing.com analysts see upside; respects bullish views but wants a 'killer deal'.