COIN (NASDAQ:COIN) Poised for an Upside Reversal

$COIN (NASDAQ: COIN) Forecast: April 30

Today, the Coinbase Global (NASDAQ: COIN) market is poised for an upside reversal as it remains in an upward momentum. The slight selling pressure may end soon, and the coin price could experience a turnaround to begin its bullish ride. Based on the outlook, if a renewed surge in buyer interest occurs, the coin price might turn positive to surpass the $320.90 barrier, obtaining a higher footing to rise higher.

Key Levels:
Resistance Levels: $288.00, $289.00, $290.00
Support Levels: $178.00, $177.00, $176.00

COIN Long-term Trend: Bullish (Daily Chart)

The NASDAQ stock market is bullish in its long-term view. The price is above the EMA-50, indicating upward momentum and the high impact of buyers in the market.
The sustained bullish pressure in the last session at the $211.62 high level has made the stock price remain above the supply trend levels at its recent price level.

At the press time, the $COIN price at the $197.42 support level remains above the resistance trend line, suggesting a bullish trend has not stale the market condition of the share as it remains intact.

Further, investors may seize the opportunity now and buy the stock at a lower price, and look for more gains ahead.

Hence, to predict a bullish rise in the market above the $320.90 supply level, buyers must step up their efforts.

Further, staying above the supply levels will give the NASDAQ: COIN value the tendency to experience an upside reversal at the $197.42 current support level.

As a result, if buyers eventually wrestled trend control from sellers and rebound from $197.42 support, a positive breakout above the current support is needed to confirm the potential Bull Run and might lead the $COIN price to the $349.75 upper high level, offering a strong resistance to the stock price and attract more investors.

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

The NASDAQ: COIN market also trades in a bullish trend market in the medium-term outlook, due to the high impact of long-term traders on the price flow.
The increase in the momentum by the bulls at the $210.18 supply value in the previous action has enabled the share price to stay strong above the resistance lines in its recent correction.

After completing the lows at the $198.00 level, the NASDAQ stock price pulled back to a $205.94 resistance above the EMA-50, indicating bullish momentum and a renewed interest in shareholders.

This would also provide buyers with a solid entry point. It’s worth noting that the upward trajectory could face another barrier near the next resistance level at $302.40. Thus, a breakout above this level could propel the stock price higher by 20%.

Furthermore, the daily stochastic signals an uptrend. If the bulls could push harder and sustain the $COIN price above the $305.03 previous high, the resulting rally may surpass the $320.90 level and hit the $349.75 psychological level at the upside in the days ahead in its medium-term perspective.

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