Coinbase (COIN) Beats Estimates With 6.42 While Dropped About 3% Yesterday

Coinbase (COIN) beat the earnings estimates with 6.42 while it closed lower by about minus 3.9%. The stock trades around the Quarterly VWAP close level which might serve as resistance. New buyers could emerge around the lower distribution in case of a drop. Earnings may be boosting the stock higher while the company warns about lower volume and users. The pre-market is up by about 0.9% currently.

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