COIN, the stock for Coinbase Global, has turned bullish after crucial support presented with the likelihood of cushioning the asset's fall. COIN price shows signs of an uptrend underway, rising 5% in the last 24 hours with indications of a continuation. The turnaround comes after the $85.00 support level came into play, providing the jumping-off point for COIN to reach its current market value of $90.75. The Relative Strength Index (RSI) approaches the 50.0 neutral line, suggesting a retaliative upward movement is on the cards. COIN price turned bullish after an optimistic declaration by Coinbase Chief Legal Officer, Paul Grewal.
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