Crypto US stocks are in focus today as Riot Platforms (RIOT), Strategy Incorporated (MSTR), and Coinbase (COIN) show important technical setups ahead of major catalysts. RIOT and MSTR both have earnings calls scheduled for May 1, while COIN faces key price levels after recent volatility.
RIOT remains strong after a 21% rally over the past week, MSTR continues to expand its Bitcoin holdings, and COIN struggles near resistance after the latest pullback. Traders are closely watching support and resistance zones that could define the next big moves for these three stocks.
Riot Platforms (RIOT)
Riot Platforms (RIOT) is one of the largest Bitcoin mining companies in the United States. It operates massive mining facilities and provides infrastructure services for blockchain networks.
While RIOT closed down 1.80% yesterday and is slightly lower in the pre-market, down 0.13%, the broader trend remains positive—shares have jumped 21.3% over the past five trading days.
Investors are also considering RIOT’s earnings call scheduled for May 1, just two days from now, which could add fresh volatility to the stock.
Technically, RIOT recently attempted to break above resistance at $8.05 but failed to hold the move.
However, the stock’s EMA lines suggest a golden cross could form soon, a bullish signal that might trigger another test of the $8.05 level. A confirmed breakout could open the path toward $8.82.
On the downside, if selling pressure builds and support at $7.25 is lost, RIOT may fall toward the next key level, $6.23.
Strategy Incorporated (MSTR)
Strategy (formerly MicroStrategy) closed yesterday with a modest 0.15% gain and is slightly down 0.12% in the pre-market, despite announcing a major Bitcoin purchase.
The company added 15,355 BTC to its holdings for $1.42 billion, boosting its total Bitcoin stash to 553,555 BTC and further cementing its position as the largest corporate holder of Bitcoin.
Investors are also bracing for Strategy’s upcoming earnings call on May 1, which could catalyze the stock’s next move.
Technically, MSTR is hovering near a critical support level at $356. A break below this support could send the stock down toward $343, and if selling pressure intensifies, even $320 could come into play.
On the upside, if the recent bullish trend regains strength, MSTR could test resistance at $383.
A breakout above that level would likely open the door for a rally toward $404, potentially allowing Strategy to close above $400 for the first time since December 16, 2024.
Coinbase (COIN)
Coinbase (COIN) is the largest cryptocurrency exchange in the United States, providing a platform for individuals and institutions to buy, sell, and store a wide range of digital assets.
Despite its prominent role in the crypto economy, COIN was the biggest loser among major U.S. crypto stocks yesterday, closing down 2.08%, and remains slightly weaker in the pre-market, down 0.13%.
The stock struggled to gain traction after failing to break cleanly above the $206.90 resistance level.
Technically, COIN now risks a further pullback, with the next major support level sitting at $183.90.
A break below that could accelerate losses toward $176, and if bearish momentum continues, even a drop to $167 could be possible.
However, if Coinbase manages to regain strength and break convincingly above the $206.90 resistance, the stock could quickly rally toward $226, reigniting the bullish trend.
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