Coinbase Global Inc (NASDAQ:COIN) stock has plummeted from its July peak, exacerbated by a post-earnings bear gap of 16.7% on August 1. However, signals indicate a potential short-term comeback, with historical data showing a bullish trend after similar signals. COIN’s RSI is in “oversold” territory, hinting at a bounce, and short interest is at 6.4%, leaving room for short covering. Options traders are also showing signs of pessimism unwinding, with a higher put/call volume ratio than usual, potentially providing further support for a rebound in COIN stock.

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