COIN (NASDAQ:COIN) Buying Time Is Now

$COIN (NASDQ: COIN) Forecast: June 25

The NASDAQ: STOCK market buying time is now as the price soars and maintains stable upside traction, suggesting investors’ attention and confidence amid the increasing bullish move. The stock price may continue increasing towards the overhead resistance, implying an opportunity for long-term investors. Hence, if the share prices sustain above the $320.90 level, the bulls’ trend would continue upward and extend to meet the $350.00 upper high level, resulting in a buying opportunity for shareholders.

Key Levels:
Resistance Levels: $309.00, $310.00, $311.00
Support Levels: $179.00, $178.00, $177.00

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

The $COIN buying time is now as it reclaims another bullish cycle, following a broader market recovery, with a significant increase in trading volume over the past few days, presenting accumulation opportunity and displaying a high momentum bullish rally in its long-term outlook.

However, buying shares during this period could be profitable for interested traders.

The prior action by the bulls which culminated in a high of $308.38 has enabled the share to maintain and sustain a steady upward trajectory in recent times.

Continuation to the north is confirmed by the bullish candle at $309.96 resistance level above the EMA-50 at the time of writing this article, indicating high conviction from buyers.

If the NASDAQ: STOCK price breaks out of this pattern, the stock price could surge higher than its previous all-time high of $320.90, offering an entry point for long traders.

Hence, the $COIN pointing up on the daily stochastic implies that buying pressure may continue, and suggests a possible bullish expansion, leading the share price to a $350.00 upper supply level soon in the higher time prediction.

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

On the 4-hourly chart, $COIN prices are above the moving averages and have confirmed bullish momentum breaking the previous high and suggesting the buying time is now. The pair is in a smooth uptrend as seen from the chart below.
The stock market has appeared attractive to buyers at its recent high due to the bulls’ persistent order flow to the $303.47 supply in the last session.

The aggressive move by the bulls to a $306.96 resistance value above the moving average line as the 4-hourly chart opens today indicates the buying time is now.

Therefore, the share price would remain in an uptrend if the bulls could regroup and touch the $310.75 high level.

This breakout could provide buyers with a strong foundation to support a future surge.

In addition, the daily stochastic indicates an upward trend, suggesting that the NASDAQ: STOCK price will continue to remain in an uptrend and may reach the $350.00 upper resistance level soon in its medium-term outlook.

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