COIN (NASDAQ:COIN) Bullish Momentum May Continue

$COIN (NASDQ: COIN) Forecast: January 22

The $COIN bullish momentum may continue, and the price can increase for potential gains if investors remain focused and show keen interest in the stock market. The stock has the potential to continue its upward trend and attract more investors. However, a renewed surge in buyers’ interest could drive the share price to a $349.75 peak value and extend to meet the $380.00 upper resistance amid market volatility.

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)

The long-term market value of $COIN shows that the bullish momentum may continue following the current surge in the stock market. The price bar is above the EMA-50, approaching the overhead resistance, indicating an uptrend.
The pressure from long-term traders to a $285.02 high value in the past session adds to the bullish impact on the market.

The NASDAQ: COIN bullish momentum may continue as the bulls swing the share market price to a high of $300.35 above the EMA-50 as the daily chart opens today, indicating a potential and possible continuation of an uptrend.

Hence, if the bullish momentum persists, the $COIN price is expected to test the $349.75 peak barrier and aim for the $380.00 target.

In addition, the NASDAQ: COIN price shows the continuation of bullish sentiment by pointing up the daily stochastic while the share price remains in an uptrend.

As a result, the bulls’ target might be the $380.00 high level in the days ahead in its long-term perspective.

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

NASDAQ: COIN price remains bullish despite the influence of the short traders on the medium-term outlook. Meanwhile, the bullish momentum may continue as the bulls remain dominant.
The market price is above the moving averages, implying buyers are gaining more strength in the stock investment.

The shares have had a series of higher highs and higher lows in the past few hours, which have sustained the bullish impact on the stock market.

At press time, the $COIN to a low of $291.30 does not affect the shares as it remains firm in an uptrend, identifying growth opportunities in the coin market.

Thus, buyers must redouble their efforts to forecast a bullish increase in the market above the $349.75 supply mark.

Next, if the bulls could increase their buying power and exchange hands with the sell traders at the $291.30 support level, the stock price may experience a reversal to retest the $349.75 high level and drive the $COIN prices high to hit the $380.00 upper resistance soon in its medium-term time frame.

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