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COIN price rises 5% as Coinbase executives contemplate victory against SEC

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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