The biggest fresh headline is that Coinbase reportedly received conditional U.S. approval for a national trust company charter, which could strengthen its institutional custody business and make it more attractive to large investors. Coinbase said this would not make it a regular commercial bank.

A second recent item is Coinbase’s new partnership with Better Home & Finance, which would let some homebuyers use crypto held in Coinbase accounts as collateral for a home down payment loan. Reuters described it as a new real-world use case for crypto, though with added complexity.

On the earnings side, Coinbase reported Q4 and full-year 2025 results on February 12, 2026. Reuters said the company posted a surprise quarterly loss, tied partly to weaker trading volumes during a broader crypto selloff. Coinbase’s investor site also confirms that earnings release date and materials.

Now let get a deeper view of where the pressure and key reaction zones may be from the chart and GEX option data.

From the weekly price chart, COIN still looks like it is in a larger bearish structure. Price has been making lower highs since the 2025 peak, and the weekly trendline overhead is still pointing down. Right now price is sitting around 171, which puts it much closer to support than to real trend-reversal territory. The red support line on the chart looks to be in the 150–160 area, and that is the key shelf I would respect first. As long as COIN stays under the bigger weekly breakdown zone around 200–210, this still looks more like a weak bounce inside a downtrend than a true reversal.

Now looking at your GEX chart, this is where it gets clearer.

The most important nearby level is around 204, where price is sitting below that wall. Above current price, I see overhead resistance stacked at roughly 210, then 300, then the bigger wall area around 370–390, and much higher up near 500–520. Below price, the GEX map shows much thinner support after the current area, with stronger downside zones around 90 and then even lower near 20. That tells me the options positioning is still not supporting a clean upside breakout yet. Right now, COIN looks trapped under overhead dealer resistance instead of sitting in a strong bullish squeeze setup.

So my practical TA view is this:

Base case: COIN is still in a weak weekly structure and likely needs more proof before turning bullish. If price keeps failing under 200–210, I would treat rallies as suspect and more like relief bounces than true trend changes.

Bullish scenario: If COIN can reclaim and hold above 204–210 on a weekly basis, that would be the first sign the recent news is starting to matter technically. If that happens, the next upside areas I would watch are 230, then 300, and after that the heavier resistance zone around 370–390. A real squeeze would probably need price acceptance above that 210 area first.

Bearish scenario: If COIN loses the 160–150 shelf, then the chart opens the door to a deeper flush. Based on the GEX map, there is not much strong support immediately below current price until much lower zones, so a breakdown under that weekly base could accelerate fast.

My honest view: the news is improving, but the chart and GEX still say caution. For now, COIN looks more like “wait for confirmation” than “strong long here.” The stock needs to prove it can reclaim 204–210 before I would start talking about a bigger bullish reversal. Until then, the weekly bias still leans defensive.

Thanks for reading. Drop your thoughts in the comments if you’re watching the same levels or seeing a different setup. It’s always good to learn from each other and discuss the market together.