Coinbase Global Inc. (ticker: $COIN) saw notable trading activity and price movements on August 7, 2025. The stock experienced a rebound in pre-market trading, with a rally of approximately $20 off the previous day's lows. Trading volume was substantial, with roughly 180 million shares exchanged during a price decline from $420 to $300, primarily bought by retail investors. After this pullback, market participants observed a bounce around the anchored volume-weighted average price (AVWAP), leading to a nearly $10 gain in the morning session. Some investors trimmed their positions following the rally, while others anticipated a potential reversal after a recent offering and share pullback. Technical analysis indicated clear support near the $300 level and a setup for a swing trade, with expectations for bullish momentum if hourly cloud indicators turn positive. Additionally, options linked to Coinbase (ticker: $CONL) saw significant buying, with some traders expecting gains exceeding 100% in a single day. The broader market, including the S&P 500 index ($SPX) and Apple Inc. ($AAPL), showed mixed but stable performance during the same period.
$COIN looking great, HOD.. I added nicely on that dip to 311 in $CONL https://t.co/Px9BCssbyg
$COIN vs 300 swing setup for us Clear support here, 1 HR clouds need to turn bullish here but good r/r!! void under 300 https://t.co/vHoKaTSBiM
$COIN huge offering in hindsight and big pullback in shares last few weeks. Reversal on the cards