These 2 Retail Traders Favorites are Nearing Major Breakouts

Key Points

Both COIN and HOOD are popular among institutional and retail investors, showing strong potential for further gains.
Coinbase Global is up 33% YTD, breaking out of a bullish wedge and testing its 50-day SMA.
Robinhood Markets is up 55% YTD, consolidating near its 52-week high and above key moving averages.
Five stocks we like better than Robinhood Markets.

Shares of Coinbase Global NASDAQ: COIN and Robinhood Markets NASDAQ: HOOD are capturing significant attention. Both stocks display promising technical patterns indicative of potential breakouts.

Let's delve into the current setup for these two retail favorites and explore why they might be poised for further upside, alongside a snapshot of key fundamentals.

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Coinbase Global: Breaking Out of the Downtrend

Coinbase Global Today

COIN

Coinbase Global

$387.06 -1.90 (-0.49%)

As of 07/11/2025 04:00 PM Eastern

52-Week Range: $142.58
▼
$395.50
P/E Ratio: 72.48
Price Target: $298.60

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Coinbase Global, a leading cryptocurrency exchange, has been on an impressive upward trajectory, with shares surging 33% year-to-date. The company reported stellar earnings on February 15, 2024, posting $1.04 earnings per share (EPS), significantly surpassing the consensus estimate of ($0.09). This impressive beat was supported by a 51.6% year-over-year increase in revenue, reaching $953.80 million, well above the forecasted $826.10 million.

Despite the positive earnings and recent bullish momentum in the stock, Coinbase currently holds a "hold" rating from analysts based on 20 ratings, with a consensus price target suggesting a slight downside. However, the technical analysis tells a different story. The stock recently broke out of a bullish wedge downtrend and is now testing its 50-day Simple Moving Average (SMA). Reclaiming and maintaining levels above this critical zone could signal a confirmed breakout, potentially leading to substantial gains.

The company's strong financial performance and the technical breakout make Coinbase a compelling candidate for continued growth in the near term. The current market dynamics and the increasing institutional interest in cryptocurrencies further bolster its prospects.

Coinbase Global, Inc. (COIN) Price Chart for Sunday, July, 13, 2025

Robinhood Markets: Hovering Near 52-Week Highs

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Institutional and Retail Sentiment

Both Coinbase and Robinhood have substantial institutional backing and remain popular among retail investors. HOOD, a favorite platform for retail traders and a stock to own, has an impressive 93.27% institutional ownership. Similarly, COIN, a stock popular amongst the retail crowd, also has almost 70% institutional ownership. The strong year-to-date performance of both stocks indicates robust market confidence. Additionally, the technical patterns observed in both stocks are often precursors to significant upward movements.

Ready for the Next Leg Higher?

Coinbase and Robinhood exhibit strong bullish formations, impressive year-to-date performance, and resilient upward momentum, presenting compelling opportunities for investors and short-term traders. Coinbase's recent breakout from its bullish wedge and Robinhood's consolidation near its 52-week high suggest that both stocks could be on the verge of significant breakouts.

Investors will want to keep a close eye on these technical levels: For Coinbase, maintaining above the 50-day SMA will be crucial, while for Robinhood, breaking above the consolidation near its 52-week high could trigger the next leg higher. Given their fundamental strengths and technical setups, both stocks appear poised to deliver potential further gains.

Should You Invest $1,000 in Robinhood Markets Right Now?

Before you consider Robinhood Markets, you'll want to hear this.

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While Robinhood Markets currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.

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