Coinbase Global Inc. (COIN) has been trading below its 50-day simple moving average (SMA), signaling a short-term bearish trend. The stock closed at $268.15 as of Dec 23, 2024, down 23% from its 52-week high of $349.75.The 50-day SMA is a key indicator for traders and analysts to identify support and resistance levels. It is considered particularly important as this is the first marker of an uptrend or downtrend. COIN, America's largest registered crypto exchange, has a market capitalization of $67.1 billio ...