COIN (NASDAQ:COIN) Bullish Trend May Continue

$COIN (NASDAQ: COIN) Forecast: July 5

The Coinbase Global (NASDAQ: COIN) market price may continue its bullish trend and soar higher if the stock buyers exert more force on the price action. Strong purchasing pressure and an optimistic market attitude could drive the cryptocurrency higher, enabling it to retest the previous barrier of $382.00, registering a buoyant upward trajectory. Thus, a clear buy signal for stakeholders.

Key Levels:
Resistance Levels: $359.00, $360.00, $361.00
Support Levels: $162.00, $161.00, $160.00

COIN Long-term Trend: Bullish (Daily Chart)

The NASDAQ: COIN price is currently increasing and continues to trade in a bullish trend in the long term. If market conditions remain favorable, the bulls may continue with the buying pressure.
The stock’s performance at its most recent high was aided by the bulls’ strong order flow to a resistance level of $354.45 in the previous session.

Today, the $COIN buyers’ corrective rally to a $357.87 high level above the moving averages on the daily chart might continue and head towards the $382.00 previous high, amid an ascending bullish pattern.

Notably, the NASDAQ stock market is up, indicating an uptrend on the daily signal.

As a result, the share price is increasing and this may continue to surpass the previous high level and expose the trend to a $390.00 upper resistance value in the days ahead on its higher time perspective.

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

The NASDAQ: COIN market price is increasing and may continue to move higher in the medium-term outlook, due to the high impact from the long-term traders in the price flow.
The sustained bullish pressure at $354.35 in the last session has led to the share’s recent high.

Today’s 4-hourly bullish candle at the $357.86 supply value above the EMA-50 confirms the bulls’ dominance in the market.

However, this breakup may continue to accelerate the bullish momentum and extend the ongoing correction to a higher level, allowing buyers to influence and increase the market price trend.

Thus, a sharp breakout and closure above the current correction phase will invalidate any bearish thesis.

Then, there is a high probability of the $COIN price going up to its peak barrier point at $377.30 to wade off the bearish shackles and focus on the ultimate breakout to the upper channel.

Additionally, the share market is approaching the oversold region. As the NASDAQ stock market rises in its medium-term prediction, the stock market may continue to rise if the bulls can demonstrate strength and boost their buying pressure.

This would increase shareholder interest and confidence in the stock and result in a touch at the $382.00 upper resistance level, and driving expectations for future gains.

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