Well's notice fiasco after a series of failed meeting with the SEC, bearish divergences all over crypto and heavy insider selling since Feb is a recipe for $COIN to pullback after a pump from $40 to $80. Even Cathy Wood has sold large positions in $COIN for the first time this year, which is no good news.
Comment:
$COIN is still bullish in the long term, in the short term the market conditions and government agency attacks on crypto companies, in general, are bearish indicators.