COIN (NASDAQ:COIN) Anticipates a Bullish Reversal

$COIN (NASDQ: COIN) Forecast: January 20

Today, the $COIN market structure suggests or anticipates a bullish reversal as selling pressure may subside soon and the stock price could be prepared for an upside move. Should the bulls change their orientation increase their buying swagger and exchange hands with the short traders at $249.10 support, the share price could turn positive to the $302.40 peak barrier line and extend to $349.75 upper resistance, indicating a robust uptrend.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $165.00, $164.00, $163.00

$COIN Long-term Trend: Bullish (Daily Chart)

NASDAQ: COIN market value anticipates a bullish reversal. Despite the interference of sellers, the stock price action remains in a bullish trend, due to the high impact of long-term traders on the price flow.
The stock price is in red above the moving average, implying the share market is bullish.

The sustained order flow by the bulls to $268.04 in the last few days has enabled the stock price to grow and retain its bullish strength.

The drop in the price of $COIN to a $249.10 low value as the daily chart commenced today has no serious effect on the market as the price remains in an uptrend.

Hence, if the bulls increase their confidence in the NASDAQ stock investment, the market trend could see another trend by reversing from the $249.10 support mark and hitting the $302.40 resistance barrier, attracting big players to drive the share price higher.

Notably, the $COIN market has a target of $302.40, if the bulls regain momentum as it approaches the oversold region.

Hence, a break above the $302.40 could open the pathway toward the $349.75 upper resistance level, reflecting increasing interest and engagement within the platform.

$COIN Medium-term Trend: Bullish (4H Chart)

The NASDAQ: COIN price remains in a bullish trend market in the medium-term outlook. This is due to the high impact of long-term traders on the price flow.
At the press time, the share price hovers at 249.11 support level above the moving average of 50, indicating an uptrend.

Hence, to predict a bullish rise in the market above the $277.00 supply level, buyers must step up their efforts and rebound from the $249.11 support value.

Additionally, the $COIN market has fallen to the oversold region of the daily stochastic, suggesting a bullish reversal at the $249.11 support level. As a result, the price of NASDAQ stock could surge to hit the $349.75 upper resistance value in the days ahead in its medium-term forecast.

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