$COIN (NASDAQ: COIN) Forecast: May 7
Today, the Coinbase Global (NASDAQ: COIN) market structure suggests a potential bullish reversal as the price may take a bullish turnaround soon. The selling pressure may end, and the stock price could be ready for an upbeat movement. Based on the outlook, if a renewed surge in buyer interest occurs, the share price might turn positive to surpass the $349.75 barrier, obtaining a higher footing to rise higher.
Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $175.00, $174.00, $173.00
COIN Long-term Trend: Bullish (Daily Chart)
Despite the bears’ activities, the $COIN 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.
At the press time, the NASDAQ: COIN price at the $198.65 support level remains above the resistance trend line, suggesting a bullish trend, and has not stale the market condition of the stock as it remains intact.
Further, investors may seize the opportunity now and buy the share at a lower price, and look for more gains ahead.
Hence, buyers must step up their efforts to predict a bullish rise in the market above the $349.75 supply level.
Additionally, staying above the supply levels will give the NASDAQ stock price the tendency to experience an upside reversal at the $198.65 current support level.
As a result, the stock price may turn upside to hit the $349.75 upper high mark in the days ahead, suggesting a good entry point for shareholders in its long-term perspective.
COIN Medium-term Trend: Bullish (4H Chart)
The $COIN market also trades in a bullish trend in the medium-term outlook due to the high impact of long-term traders on the price flow. 
At the press time, the NASDAQ stock price trades at the $199.21 support level above the supply levels, indicating a bullish momentum.
It’s worth noting that the upward trajectory could face another barrier near the next resistance level at $302.40. A breakout above this level could propel the stock price higher by 20%.
Additionally, the NASDAQ: COIN price is above the supply level, suggesting an opportunity for the shareholders to influence the price tendency.
As a result, if buyers eventually wrestle trend control from sellers and rebound from $199.21 support, a positive breakout above the current support is needed to confirm the potential Bull Run, leading the stock price to the $349.75 upper high level, offering a strong resistance to the share price and attract more investors.
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