Coinbase Stock Slides After Failing Breakout Amid Caution on Extended Market Gains
• Coinbase stock recently triggered a sell rule after failing to hold a breakout above 187.39 buy point • Quarterly revenue rose 51% and earnings swung to a profit of $1.04 per share • Coinbase is the largest U.S. cryptocurrency exchange, listing about 50 cryptos like Bitcoin and Ethereum • The relative strength line lagged during the failed breakout, signaling weakening momentum • IBD suggests being cautious adding market exposure given extended gains, especially in AI stocks