COIN (NASDAQ:COIN) Buyers Await Positive Trends

$COIN (NASDAQ: COIN) Forecast: November 12

As the stock market prepares for the next uphill rise, buyers on Coinbase Global (NASDAQ: COIN) are waiting for a positive trend. Now that the selling pressure has lessened, the share market is poised for an increase. Hence, the price surge could continue to reach an upper resistance level of $415.96 and build up a new all-time high, offering significant returns to shareholders, if buy investors could prove more resilient and keep the price above the $405.88 resistance value.

Key Levels:
Resistance Levels: $395.00, $396.00, $397.00
Support Levels:    $175.00, $174.00, $173.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN price is bearish on the longer time horizon. The price bar is visible in green beneath the moving averages due to sellers’ heavy order flow.
The previous action of the bears on the asset at a $294.72 low value has contributed to its bearishness in its recent price level.

However, the bulls are prepared to swing the share price to a higher level as a new correction has taken place below the trend levels.

The NASDAQ:COIN price surged to a $310.93 supply level below the EMA-50 as the daily session resumes today, indicating investors’ anticipation of enhancing the potential, which might break the crucial resistance level.

Thus, if the bulls breach the $351.89 prior peak value, the next resistance level to watch out for would be around the $405.88 level.

Additionally, the current correction phase may continue as the momentum indicator points in an upward direction.

In light of this, the NASDAQ stock price may surge to break the previous barrier to reach a significant level of $415.96 at the upper range, as the bulls continue with their bullish correction and remain dominant in its higher time perspective.

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

The $COIN market is in a bearish trend, anticipating a bullish opportunity in the near future. A negative trend is indicated by the stock price being below the resistance level.
The share price has fallen below the supply trend lines at its recent price level due to pressure at the $294.75 support level during the last session.

Meanwhile, the NASDAQ:COIN is poised to surge as the bulls caused a rise to a $310.90 resistance level below the EMA-50 to resume the bullish trend today on the 4-hourly chart.

Thus, traders who buy the shares during the bearish market will also make gains in the future. However, the $COIN might continue growing as a new bullish correction is in place.

Thus, if the price can sustain above the $377.77 high level, the potential rally could surge to hit a significant level at the upper channel, suggesting a potential rally for the shareholders.

Additionally, the daily stochastic shows an uptrend by pointing upward; therefore, if the support level holds, there is a possibility for the stock price to increase further.

This will allow buyers to drive the share price to an upper resistance level of $389.56 in the near future.

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