Three of the largest crypto treasury stocks are testing their most important long-term support levels at the same time. Strategy (MSTR) trades near $100, Metaplanet hovers just above ¥200, and Coinbase (COIN) defends $150.

Strategy leads all corporate Bitcoin (BTC) holders with 843,775 BTC, according to BitcoinTreasuries.net data from July 8. Metaplanet ranks third with 43,000 BTC, while Coinbase sits ninth with 16,492 BTC.

MSTR Returns to the $100 Zone That Started the 2024 Rally

MSTR traded near $97 on July 8, with premarket quotes as low as $93. The stock has therefore returned to the $100 zone it broke out from in February 2024.

Historically, this area acted as resistance in February 2021 and November 2021. After the breakout, it flipped into support in April 2024, August 2024, and February 2026.

However, the current test looks like the weakest one yet. MSTR has printed lower highs since its $543 all-time high from November 2024, leaving the stock down roughly 82%.

A weekly close below $100 would mark the first confirmed breakdown since the 2024 breakout. BeInCrypto’s July outlook for MSTR also flagged fading volume behind the recent bounce. The stock even shrugged off reports of a partial Bitcoin sale.

If bulls defend the zone, the nearest resistance sits at $170, followed by a much higher barrier at $400.

Metaplanet Defends ¥200 After a Textbook Bubble Unwind

Metaplanet shows a slightly healthier picture, at least for now. The stock climbed 5.61% this week to ¥226, holding above the key ¥200 zone. That area capped rallies in July 2024 and November 2024 before flipping into support.

The bigger structure still resembles a textbook bubble. The stock rallied around 20 times from its mid-2024 lows to a ¥1,930 all-time high in June 2025. It then collapsed by roughly 88%.

Sellers rejected the January and February 2026 recovery near ¥600, confirming that zone as the key resistance. Meanwhile, the company keeps accumulating and reached a 43,000 BTC milestone on July 2.

Holding ¥200 remains essential for the bulls. In contrast, a breakdown could send the price to the ¥100 area, erasing the entire treasury premium.

COIN Holds $150 and Leads the Crypto Treasury Stocks

Coinbase looks the strongest of the three crypto treasury stocks. COIN traded at $163.51 on July 8, defending the $150 zone for the fourth time since September 2024.

Buyers previously protected this area in April 2025 and March 2026. In contrast to MSTR, the price still holds above its support rather than below it.

COIN trades about 64% below its $444.65 all-time high from July 2025. That drawdown is the smallest in the group, even as the broader crypto stock downturn deepens.

Still, the stock has printed lower highs since the peak. Bulls must reclaim $200 to improve the outlook, while $260 marks the next major barrier. Losing $150 could trigger a decline into the early 2024 range near $120.

Three Levels Will Decide the Next Move

COIN currently shows the most strength, Metaplanet holds its line, and MSTR sits in the most fragile position. Whether $100, ¥200, and $150 hold may decide if the Bitcoin treasury trade stabilizes or unwinds further this quarter.

Источник: BeInCrypto