Coinbase Rebounds to $204, Up 28% Amid Bitcoin Surge

Coinbase (COIN) has experienced a significant rebound, with its stock price reaching $204, up from $140 in early August. The stock has gained 28% in the last week and is testing the 200-day simple moving average (SMA).

Bitcoin's surge to highs above $66,500 has contributed to COIN's upward momentum, with Bitcoin flying again. Analysts suggest COIN could be heading towards the 225-235 range, where its year-to-date point of control sits. Investors are also advised to watch the 195-194 level.

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