COIN Stock Price Forecast After Jobless Claims Hit 194,000 Ahead of FOMC

COIN Stock price hovered near $167 as investors assessed stronger employment figures ahead of the Federal Reserve’s policy meeting. 

Bitcoin price traded around $81,100, while Ethereum hovered near $2,376 and XRP changed hands around $1.31.

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Jobless Claims Fall to 194,000, Beating Market Expectations

The Labor Department reported 194,000 initial unemployment claims, below the market forecast of 200,000. Applications declined by 6,000 from the previous week’s revised reading, reinforcing evidence that employers remain reluctant to cut staff.

BREAKING:

🇺🇸 US Initial Jobless Claims have just been officially released

Expected: 200,000
Actual: 194,000

This is good news ahead of the FOMC meeting!! https://t.co/UOxcrEHKt9

— ᴛʀᴀᴄᴇʀ (@DeFiTracer) October 22, 2026

The average across four weeks fell to 197,750, offering a smoother measure of recent unemployment applications. However, continuing claims increased by 25,000 to 1.728 million, presenting a less reassuring picture for people already receiving benefits. The mix is indicative of low levels of layoffs, and an increase in the number of ongoing claims suggests re-employment problems.

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Upcoming FOMC Meeting Puts Inflation in Focus

The Federal Open Market Committee is ready for its next meeting, with inflation and employment being the key issues in the policy debate.

Traders expect the Federal Reserve to keep interest rates unchanged at its October 28, 2026, meeting. The supplied FedWatch shows a 92.8% probability of retaining the target range. That would leave the federal funds target range between 3.75% and 4.00% following the meeting.

An increase to between 4.00% and 4.25% carries a 7.2% probability, indicating limited expectations for tighter policy. This assigns no probability to a rate cut, with pricing strongly favoring a hold. These are market expectations at the time of recording and can be altered prior to announcement of the rate.

COIN Stock Price Forecast: Will Buyers Reclaim $170?

Price action is currently bearish, as COIN stock has broken below its session open levels and is approaching the session lows at $170.25. The first level of support is the session low at $166.82, and an initial recovery hurdle is the opening level.

A move above $170.25 would further solidify the recovery scenario and put the session high around $173.64 on the radar. Clearing that barrier could encourage another advance, although stronger trading volume would make the breakout more convincing.

Below $166.82, the round numbers of $165 and $160 become possible downside reference points for traders.