Coinbase (COIN) stock closed nearly 15% higher on March 4 after President Donald Trump signaled his support for the Clarity Act, which is currently up for debate in Congress. The subsequent momentum helped COIN breach its 50-day moving average (MA), indicating that the medium trend has shifted from bearish to bullish.
Despite yesterday's gains, Coinbase shares remain down nearly 20% versus their year-to-date high.
