COIN (NASDAQ:COIN) Maintains Strength above Supply Trend Levels

COIN (NASDQ: COIN) Forecast: January 25

The $COIN price is gaining traction and maintains strength above the supply levels, showing signs of an upcoming breakout. The stock price is showing positive signs above the $293.38 supply value and could grow more and see significant gains if investors and analysts continue to show keen interest in the shares. Meanwhile, if the shareholders could prove harder and sustain the stock price above the $349.75 prior high value, the stock price may continue to surge towards $400.00, resulting in an intraday gain and a potential buy signal for the shareholders.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $160.00, $159.00, $158.00

COIN Long-term Trend: Bullish (Daily Chart)

Despite the interruptions from the short traders, NASDAQ: COIN maintains strength above supply levels with bullish momentum and rising trading volumes in its long-term outlook. The price bars are above the EMA-50.
The bulls could not stop investing in the shares, so the general sentiment regarding the stock market is bullish.

The persistent bullish pressure on the shares at the $300.35 supply level in the last few days has sustained the market price above the supply levels in its recent high.

After updating yesterday’s lows at the $373.62 value, the bulls pulled back in the $COIN price above the supply levels at the $298.80 resistance mark as the daily chart opens today, increasing investors’ interest.

However, if the NASDAQ: COIN shareholders increase their enthusiasm on the stock market, the price may surge to hit the $349.75 peak barrier as it maintains its strength above the supply level.

Additionally, the $COIN market is pointing upwards on the daily stochastic, suggesting the emergence of more buyers to move the stock up to a significant level at the upside, and this might hit the $400.00 supply trend mark, thus registering a buy signal for the shareholders as the market maintains strength above supply levels in its higher time frame.

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

The NASDAQ: COIN price maintains strength above the supply levels as market optimism keeps increasing on the medium-term outlook.
The market price is above the moving averages, implying buyers are gaining more strength in the stock investment.

The bullish impact on the stock market at a $293.52 supply level in the last session has sustained its firmness above the supply levels lately.

Today, the $COIN maintains strength above supply levels as the bulls moved to $298.78 as the 4-hourly chart opens, signaling the potential for significant gains.

Thus, a breakout above the $349.75 previous swing high would enable buyers to regain control and potentially drive the share price toward the upper resistance area.

Additionally, the daily stochastic remains in an upward direction, suggesting that the NASDAQ: COIN may continue to maintain strength above the supply levels.

As a result, the $COIN market participants may witness a new recovery rally, reaching the $4.00 high mark in the days ahead in its medium-term time frame.

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