Coinbase (COIN) Stock: What Friday’s 19% Surge Means for Investors

TLDR Coinbase stock surged 19% to $165.12 Friday as technical analysts identify potential move to $200 based on historical support patterns from 2024 and 2025. Binance announcement of COINUSDT perpetual futures launch Feb. 9 adds momentum to COIN recovery from 52-week lows near $142.58. CEO Brian Armstrong warns U.S. falling behind in crypto innovation as company battles Nevada regulators over event contract listings. Fourth quarter earnings set for Feb. 12 with analysts expecting $1.86 billion revenue, representing 18% year-over-year decline. Stock trades at $165.80 after hours with P/E ratio of 14.29 and market cap of $44.53 billion. Coinbase stock posted its strongest single-day gain in months Friday, climbing $13.00 or 19% to close at $165.12. The rally followed a brutal selloff that tested 52-week lows around $142.58. Coinbase Global, Inc., COIN Technical analysts quickly pointed to historical patterns suggesting further upside potential. Analyst Chad noted the stock reached the monthly Ichimoku cloud, a critical technical level. He highlighted that previous capitulation events in August 2024 and April 2025 both created monthly candle wicks at the 0.618 log Fibonacci level. The pattern raises questions about whether similar price action could unfold again. The Great Mattsby said COIN repeated the flush to $158 seen in 2024 and 2025. He emphasized that market history often rhymes, particularly at key support levels. Enrich Trades pointed to major support that has held since early 2024. He said Friday’s 13% gain creates potential for a quick rally toward $200, with risk clearly defined below $145. Binance Adds Fuel to Recovery Binance announced it will launch a COINUSDT perpetual futures contract on Feb. 9 at 15:00 UTC. The new trading product gives market participants another tool to bet on Coinbase stock movements. Friday’s session saw COIN trade between $151.57 and $165.52, demonstrating heavy volatility. The stock remains well below its 52-week high of $44...