Coinbase closed with about 1.8% gains by supportive buyers around the Quarter's VWAP extreme in yesterday’s trading session. The stock was trending lower for about three days in a row. The fair value price is around $231 as the stock price trades at $255, giving the market slight bearish tendencies.
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The hourly perspective found some buying interest around the prior distribution and established a double bottom. Swing low or high might be targeted for absorption purposes. Mentioned fair value price is confluent with the lower microbalance area. Areas of interest are marked for potential reactions and not seen as actual trading levels.
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