Coinbase Shares Rise to $262, 50 Points Higher, as Traders Anticipate Breakthrough Above $265 with 122% Profit

Coinbase Global Inc. (ticker: $COIN) has shown positive momentum in recent trading sessions, with shares currently priced around $262, reflecting a rise of 50 points. Analysts and traders are optimistic, noting that the stock needs to break through resistance levels of 265 to 272 to maintain upward momentum. Some traders have reported substantial profits, with one mentioning a 122% gain from a recent options strategy. Despite this, there are cautionary notes regarding the stock's performance over the past four months, where it has remained relatively stagnant. Overall, the sentiment around $COIN appears to be improving as it aligns with a stronger Bitcoin market.