Coinbase (COIN) hasn't had as strong of a Bear Cycle as in 2022 but proportionally is so far identical. And according to those similarities between the 2022 and 2026 fractals, the current Bear Cycle might only be one Bearish Leg away from pricing its bottom.

As you can see, the May 11 2026 Lower High rejection on the 1D MA100 (red trend-line), marked a similar rejection as August 01 2022, which after also almost reaching the 0.5 Fibonacci retracement level from the Top of the Cycle, it initiated the final Bearish Leg that bottomed marginally before hitting the 2.0 (blue) Fibonacci extension. Even the 1W RSI sequences among the two Bear Cycle patterns are identical.

Based on that, Coinbase might push for one last sell-off near $90.00 (just above the 2.0 Fib ext), and turn into a long-term buy opportunity again when the 1W RSI almost turns oversold again.

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