COIN (NASDAQ:COIN) Flashes Bullish Pattern at $256.17 Price Level

$COIN (NASDAQ: COIN) Forecast: June 9

Today, the Coinbase Global (NASDAQ: COIN) market displays a bullish pattern, exhibiting an impressive upward trajectory towards the overhead region, driven by shareholders and increased adoption. The stock market is gaining today as weekend volatility favors bulls. Hence, if the buying pressure persists and the share price holds above the $306.00 barrier level, the next price target may be the $349.75 upper resistance mark, signaling potential capitulation that could fuel further gains.

Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $158.00, $157.00, $156.00

COIN Long-term Trend: Bullish (Daily Chart)

Amid the recent downturn in the market, the NASDAQ stock price flashed a bullish pattern and gave a massive breakout from the daily resistance of $256.17 in its long-term outlook.

The price currently trades above the 50-day EMA, indicating a bullish trend.

The high order flow from the bulls at the $248.39 barrier level in the last session also triggers $COIN’s bullish move above the resistance level in its recent high.

At the press time, the NASDAQ: COIN buyers flash a bullish pattern at a $256.17 high level above the EMA-50, regaining investors’ attention amid increasing bullish moves.

Thus, an increase in investors’ interest and a break above the $306.00 resistance mark could replenish the recovery sentiment and intensify the buying pressure on the share.

Additionally, the current correction phase may continue to trigger a bullish pattern as the momentum indicator points upwards. Due to this, the $COIN price might reach a significant $349.75 supply trend line as bulls continue to trigger bullish moves in its long-term perspective.

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

The NASDAQ: COIN market pair triggers a bullish pattern as it continues to gain traction above the supply level in the medium-term outlook due to the high impact from the long-term traders in the price flow.
The bullish reversal at the $251.10 high value in the previous action has triggered the bullish move above the trend line in its recent high.

Today, the $COIN flashes a bullish pattern as actions from buyers trigger the stock price to a $256.17 supply value above the moving averages as the 4-hourly chart commences, highlighting increasing investors’ interest and expectations for a notable increase.

The NASDAQ stock market participants are responding to this pattern, and its breakout should offer a good entry opportunity.

Meanwhile, further upsides are likely as the share price signals
an uptrend, indicating that the bullish move will continue and may break the $277.00 resistance, reaching the $349.75 supply value as soon as it flashes a bullish move in the medium-term frame.

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