The 200 Day MA on the daily is still the resistance line here for $COIN, it has successfully held below this level since the start of May.
The price action is managing to stay on the wedge line, so buyers are still around but lack that extra kick to get them over two important resistance levels, the 200 Day MA and our blue line which has been a flip line for the last 5 months.
For now, the chart remains unchanged.