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Shares of Coinbase Global Inc. ($COIN) have experienced volatility following the implementation of the US's 145% tariff on Chinese goods in April 2025. The stock price dropped from around $300 after the company's previous earnings call, influenced by increased market volatility linked to global issues and tariffs. Despite the recent decline, trading activity showed a rise to approximately $230 in overnight trading. Market analysts note that $COIN is currently undervalued and is gapping up over its 200-day simple moving average (SMA) in early trading, suggesting potential for a sustained multi-day rally. Some investors remain optimistic about the stock recovering to mid to high $200 levels this year and potentially higher in the long term. The discussion also included references to Housecoin ($HOUSE), but the primary focus remains on $COIN's price movements and market outlook.
