COIN (NASDAQ:COIN) Establish a Solid Base at $264.49 High Mark

$COIN (NASDQ: COIN) Forecast: May 17

Amid the recent growth in the stock market, the NASDAQ: COIN buyers provided a bullish breakout and established a solid base at the $264.49 high level, paving the way for further recovery. Despite the bullish outlook of the market, bulls are seemingly struggling to uphold the uptrend at the mentioned supply and remain stable at the moment. Therefore, if the stock price could sustain above the pattern supply trend line at the $306.00 previous high point, the price may trigger up to the overhead resistance mark at the $349.75 upper resistance level, bolstering the $COIN growth in the stock market amid renewed buying momentum.

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)

$COIN market is bullish on the daily chart. The stock price establishes a solid base and remains a good buy at the $264.49 high level above the moving average, approaching the upper resistance level.
Hence, the stock market value is very likely to continue moving upwards as we are seeing a strong turnout of buyers.

The share market appeared attractive to buyers at its recent high due to the bulls’ persistent order flow to the $260.42 supply in the last session.

Today, at the time of writing, the NASDAQ stock price looks nice for buyers as it has established a solid base at $264.49 high value above the moving averages to resume the daily chart, motivating buyers to invest, as possible future gains are certain.

Thus, a breakout above the $306.00 previous swing high would enable buyers to regain control and potentially drive the share price towards the upper resistance area.

Additionally, the daily stochastic indicates an uptrend by pointing upwards. Due to this, there is a tendency for the NASDAQ: COIN price to rise further if the support level holds.

As a result, buyers might swing the stock price to a high of $350.00 in the coming days in its long-term view.

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

Today, the NASDAQ stock market looks promising as it establishes a solid base above the resistance levels amid soaring network activity on the medium-term outlook.
The share price is above the moving averages, implying that buyers are currently gaining more force in the stock investment.

The bullish impact on the stock price at the $260.42 high level in the last action has contributed to its buy trade set-up in its recent high.

The NASDAQ: COIN bulls made an aggressive move and a solid base to the $264.49 resistance level above the EMA-50 shortly after the 4-hourly chart opened today, suggesting an improved bullish market sentiment.

The stock market is currently experiencing a post-rally pullback. If the bullish turnaround breaks above the $302.40 prior barrier point, buyers might strengthen their grip over this asset towards the overhead region, putting the stock trade more on the buying side.

Additionally, continuation to the upside is likely as the price indicator projects an upward move, implying that the bullish trend will continue and the pattern might hit the $350.00 upper resistance trend line in the coming days, indicating a potential buy signal in its medium-term view.

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