COIN (NASDAQ:COIN) Buyers Await Bullish Opportunity

$COIN (NASDAQ: COIN) Forecast: April 5

The Coinbase Global (NASDAQ: COIN) buyers await a bullish opportunity as the coin prepares for the next uphill rally. The stock market is ready for an upward surge as the selling pressure has subsided. If the buy investors could prove harder and sustain the share price above the $332.00 resistance value, its upsides should extend further to reach a peak barrier level at the $349.75 upper resistance and set up a new all-time high, providing substantial returns to the shareholders.

Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $175.00, $174.00, $173.00

COIN Long-term Trend: Bearish (Daily Chart)

$COIN buyers await bullish opportunity. The stock price seems to have pulled back a little, but the overall trend is still bearish in its long-term outlook. Further, the price is below the EMA-50, suggesting a bearish trend.
The share price is below the supply trend levels from its most recent high due to the persistent bearish pressure to a $172.99 low mark in the previous session.

Today, buyers await a bullish opportunity as the NASDAQ stock rises to a $172.03 high level below the EMA-50 as a pullback shortly after the daily chart opens, affirming the returns of the long traders into the market.

Thus, the stock market value is ready to advance if the bulls can add more effort and push above the current supply level.

Such lower price rejection indicates the high interest of the bulls at this level and awaits the bullish opportunity to push higher. Hence, a strong push above the $332.00 supply level will offer strong resistance to the share price.

Meanwhile, further downsides are unlikely as the market price of NASDAQ: COIN suggests an uptrend on the daily signal. Therefore, we can now grow confidentially that a potential buy is coming near.

In light of this, the price jump could hit the $349.75 resistance level in the coming days, as buyers await a bullish opportunity in its higher time frame.

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

The $COIN market trades in a bearish trend and awaits a bullish opportunity in the medium-term outlook. The stock price is below the resistance level, indicating a bearish trend.
Pressure at the $173.00 support level in the last session has dropped the share price below the supply trend lines in its recent price level.

The NASDAQ: COIN market value awaits a bullish opportunity as it increases to a $164.64 high level below the moving averages as the 4-hourly session opens today, indicating the return of the bulls to the market and improved bullish market sentiment.

Thus, closing the 4-hourly session above the $310.64 supply level will increase investors’ confidence in the asset and put the trade more on the buying side.

However, the NASDAQ stock market remains upwards at around the 18% range of the daily stochastic, indicating that the stock price awaits the bullish opportunity as the selling pressure has ended, and the emergence of more buyers is crucial.

As a result, the post-rally breakout could hit the $349.75 supply level in the days ahead as the share buyers await a bullish opportunity.

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