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

COIN (NASDQ: COIN) Forecast: July 16

The $COIN bulls are back, this time with a bang. The stock price is gaining traction and maintains strength above the supply levels, showing signs of an upcoming breakout. The price could grow more and see significant gains if investors and analysts continue to show keen interest in the stock. Meanwhile, if the shareholders could prove harder and sustain the stock price above the $349.75 prior high value, the price may continue to surge towards $420.00, resulting in an intraday gain and a potential buy signal for the shareholders.

Key Levels:
Resistance Levels: $399.00, $400.00, $401.00
Support Levels: $178.00, $177.00, $176.00

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 chart shows that the stock market now trades above the resistance level and faces the upper resistance channel, resulting in another opportunity to buy NASDAQ stock and a turnaround for the buy investors.

The previous action by the bulls to a $398.50 supply level has enhanced the share price to maintain a stable upside move in its recent high.

Today’s daily chart demonstrates a more extensive price rebound. At the time this article was written, the $COIN price had surged to a $400.71 supply level above the EMA-50 as the bulls took a position to continue the upward trend.

Therefore, maintaining above the moving averages suggests a strong chance of a bullish pattern continuation. Hence, as the share price continues to rise towards the upper channel, a significant break above the $400.71current high level will increase the positive pressure on it.

In the meantime, the NASDAQ: COIN market price is heading upward on the daily stochastic, suggesting that the bulls might keep moving higher.

In light of this, the share’s long-term outlook indicates that its price might rise to a high of $420.00 in the days ahead.

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.
Obviously, prices are trending above the EMA-50, suggesting a bullish trend due to the significant impact of buy investors.

The bulls’ high order flow to a $394.95 resistance level in the last session has contributed to the stock’s strength in its recent high.

The 4-hourly chart for today demonstrates a more extensive price rebound, as the bulls pulled back to a $400.71 resistance value above the EMA-50 at the time of writing this article, as they aim to continue trending up and drag the $COIN price to a significant level on the upside.

The bulls are preparing to push the price of NASDAQ stock to a high level; nevertheless, as shown by the positive corrective at the resistance level stated.

Given this, the $420.00 upper resistance level may be the future target as the stock price continues to rise from a medium-term standpoint.

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