Coinbase Global Inc. (COIN) shares reached a new all-time closing high on Thursday, ending at $369.21, up 3.89% for the day and almost 40% for the month. This surge broke a previous closing record of $357.39 from November 2021. Analysts are divided regarding the sustainability of this rally, with some predicting a potential pullback while others see indications for continued growth. Investment adviser Andy Heilman noted the stock might be 'due for a correction' despite its strong performance. Meanwhile, crypto analyst Cantonese Cat indicated that the daily Bollinger Band suggests upward momentum could continue. Yet, others like Chad believe the stock price may be overextended, suggesting a cooldown may be imminent. Coinbase debuted on the Nasdaq in April 2021 at $381 but had struggled since then. Investors are showing renewed interest, particularly as U.S. lawmakers advance clearer stablecoin regulations that could benefit Coinbase financially.

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