Down 45% in Just the Past 3 Months, Should You Buy the Dip in Coinbase Stock?

With shares down 46% after a rough past three months, Coinbase Global (COIN) is once again testing the resolve of investors. While COIN stock reached an all-time high of more than $444 within the last year, shares are now trading as low as the $179 mark. This decline has been due to a sharp drop in crypto prices as well as the overall risk-off environment for high-beta assets. As a result, COIN stock is in an extremely oversold position, as the Relative Strength Index has fallen to nearly 21. While it is ...