Technical analysis by DEXWireNews about Symbol COINX: Buy recommendation (12/16/2025)

Coinbase Global, Inc. (NASDAQ: COIN ) has completed its reincorporation from Delaware to Texas, effective December 15, 2025. The move is largely administrative and does not change Coinbase’s business operations, management structure, or day-to-day activities. The company confirmed that its Class A common stock will continue trading on Nasdaq under the ticker COIN, with no disruption to shareholders or customers. While certain shareholder rights are now governed under Texas law, Coinbase emphasized continuity across assets, obligations, and strategic direction. The decision reflects a broader trend of corporations reassessing legal domiciles amid evolving regulatory and governance considerations. From a fundamentals perspective, the reincorporation does not materially impact Coinbase’s revenue streams, balance sheet, or growth outlook. Coinbase remains closely tied to crypto market activity, institutional adoption, and regulatory clarity in the U.S. Any long-term valuation impact will likely depend more on trading volumes, ETF-related flows, and broader digital asset sentiment than on corporate structure changes. Technically, the chart shows COIN pulling back sharply from recent highs near the $440 area, entering a corrective phase. Price is now testing a key demand zone around the $250–$260 region, which previously acted as both resistance and support. This area aligns closely with the rising long-term trendline, suggesting a technically important inflection point. Holding above this zone could support a bounce toward the $300–$320 range, while a clean breakdown would expose downside risk toward the low $200s. Momentum indicators have cooled, pointing to consolidation rather than immediate trend continuation. Overall, COIN remains structurally bullish on a long-term basis, but short-term price action hinges on whether buyers defend this critical support level.