$COIN, the stock of Coinbase, has been experiencing significant upward momentum, recently closing above $323 and reaching a 52-week high of $341.75. Analysts and traders are optimistic about the stock's potential, with some targeting levels as high as $400. The stock has increased approximately 11 times from its lows in 2022, reflecting a strong recovery. As of December 5, 2024, $COIN was trading around $345, with expectations of further gains. Market capitalization has reached $86 billion, surpassing that of PNC Financial Services. Despite recent volatility, including a dip after Bitcoin surpassed $100,000, $COIN has shown resilience, maintaining its position above key support levels. Traders are closely watching for a breakout above $370, which could trigger additional buying interest.