Crypto US stocks are drawing investor attention today as Coinbase (COIN), Riot Platforms (RIOT), and MARA Holdings (MARA) trade near key technical levels ahead of upcoming catalysts. COIN is testing resistance at $206.9 after a 12% monthly gain, with an earnings call scheduled for May 8 that could determine its next move.
RIOT, fresh off its May 1 earnings release, is pivoting into AI while trying to hold recent gains despite posting a $296 million loss. MARA is also approaching a potential breakout, with its own earnings set for May 8 and a possible golden cross forming on the chart.
Coinbase (COIN)
Coinbase (COIN) has gained 12% over the past 30 days, recently breaking above the $200 mark.
However, it continues to face resistance at $206.9—if that level is breached, COIN could rally toward $226.56.
Coinbase is a leading U.S.-based cryptocurrency exchange that facilitates the buying, selling, and custody of digital assets.
Last Friday, COIN closed up 1.80%, though it’s currently down 1.85% in pre-market trading. Its exponential moving averages (EMAs) are nearing a potential golden cross, a bullish signal.
At the same time, the Relative Strength Index (RSI) sits at 58.59—indicating room for more upside before reaching overbought conditions. Still, if the trend reverses, COIN may test support at $194, and a break below that could lead to further downside toward $183 or $176.
Investors will watch closely as Coinbase’s earnings call on May 8 could significantly impact price direction, especially if guidance or results surprise expectations.
Riot Platforms (RIOT)
Riot Platforms held its earnings call on May 1, reporting a record Q1 2025 revenue of $161.4 million and a steep net loss of $296.4 million.
The loss was largely driven by a surge in Bitcoin mining costs, which nearly doubled year-over-year to $43,808 per BTC. Despite this financial setback, Riot increased its Bitcoin production and now holds over 19,000 BTC—valued at approximately $1.86 billion.
The company is now actively shifting its focus toward AI and high-performance computing, expanding its infrastructure with additional land, fiber connectivity, and water access.
In a strategic move to support this transition, Riot secured a $100 million credit facility from Coinbase, using its Bitcoin reserves as collateral.
This provides added flexibility as it moves beyond traditional mining. RIOT stock closed at nearly 8% higher on Friday but was down 2.6% in the pre-market. If bullish momentum continues, the next resistance level is at $8.82.
However, if the rally fades, support levels to watch are $7.87. If that fails, further downside to $7.41 and $7.25 is possible.
MARA Holdings (MARA)
MARA Holdings closed last Friday up 3%, maintaining its position above the $14 level, but is down 3.04% in the pre-market. The stock is currently range-bound between key support at $13.61 and resistance at $14.68.
If it breaks above that resistance, MARA could rise to test the next upside target at $16.24.
Its EMA lines are nearing a potential golden cross, a bullish technical pattern that may indicate further upward momentum.
However, if support at $13.61 fails, MARA could fall as low as $12.06.
The upcoming earnings call on May 8 will be critical, as results and guidance could significantly impact investor sentiment and price direction.
With the stock trading near a technical inflection point, the next move will likely be defined by both price action around these levels and the outcome of the earnings report.
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