Coinbase Surges 20%, Hits 3-Year High, Amid Crypto Rally. Here Are The Price Levels To Watch

Coinbase shares jumped to a three-year high Monday, with a 20% gain during the session and an additional 3% in after-hours trading, closing near $333. The surge aligns with Bitcoin's record above $88,000, boosting trading volumes and Coinbase's revenue through transaction fees. Technical analysis shows a bullish trend for Coinbase, recently breaking out from a seven-month descending channel. Last week's breakout in high volume signals strong investor confidence. Investors should monitor Coinbase’s resistance levels at $369, $430, and $695 while keeping an eye on a key support level around $220. The influence of Bitcoin as an institutional asset class is expected to be thoroughly explored at Benzinga’s upcoming Future of Digital Assets event on Nov. 19. Find out more on benzinga.com.