COIN Weekly Options Trade Plan 2025-06-24

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COIN Weekly Analysis Summary (2025-06-24)

Comprehensive Summary

1. Technical Analysis Syntheses

Current Price: COIN is trading at $344.82, significantly above short-term moving averages (10, 50, and 200 EMAs). RSI: The daily RSI stands at 81.25, indicating overbought conditions. While short-term momentum remains robust, this suggests an impending correction may occur. Support and Resistance: Immediate resistance is at $346.00, while key support is identified around $343.35 to $343.69, with a major support level at $295 aligning with the max pain theory.

2. Market Sentiment Integration

VIX and News: The current VIX at 18.01 implies a lowering of market fear. Positive news regarding stablecoin legislation aligns bullish sentiment; however, conflicting reports such as significant sell-offs by notable investors introduce caution. Options Data: The max pain level of $295.00 is notably lower than the current price, suggesting downward pressure. Calls dominate at higher strikes ($350), while heavy put interest exists at $300, indicating a protective strategy against declines.