COIN (NASDAQ:COIN) Price Anticipates an Upside Reversal

$COIN (NASDAQ: COIN) Forecast: July 9

Today, the Coinbase Global (NASDAQ: COIN) is poised for an upside reversal as it remains and holds its upward momentum. The slight selling pressure may subside, and the stock price could experience a turnaround to begin its bullish ride. In the meantime, the rising trend can continue to break through the $364.00 prior barrier and reach the $382.00 upper resistance line if there is a fresh spike in buyer interest, obtaining a higher footing to rise higher.

Key Levels:
Resistance Levels: $340.00, $345.00, $350.00
Support Levels: $165.00, $164.00, $163.00

COIN Long-term Trend: Bullish (Daily Chart)

The NASDAQ: COIN market is in a bullish posture. However, the price may experience an upside reversal after a slight dip in its higher time frame. The price is above the EMA-50, indicating an upward momentum and the high impact of buyers.
The share price has remained above the supply trend levels at its most recent price level due to the persistent bullish pressure that has been present over the last few days at the $357.10 high level.

The $COIN price at the $359.01 support level remains above the resistance trend line at the time of writing, indicating a bullish trend, which has not stalled the market structure as it remains intact.

Hence, investors could take advantage of the current low price and purchase the stock in anticipation of future gains.

Therefore, to predict a bullish rise in the market above the $364.00 supply level, buyers must step up their efforts.

Additionally, the NASDAQ stock price will have the potential to undergo an upside reversal at the present support level of $359.01 if it maintains its position above the supply levels.

As a result, the share price may soon rise to the upper high of $382.00, indicating a favorable entry point for shareholders from a long-term view.

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

The NASDAQ: COIN market 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 stock price firm position above the resistance lines in its current price level is due to the bulls’ increased momentum at the $357.72 supply value during the previous action.

At the press time, the $COIN price at the $359.40 support level above the supply levels, indicates a bullish momentum.

It’s worth noting that the upward trajectory could face another barrier near the next resistance level at $377.30 if buyers could exchange hands with the bulls at that point. A breakout above this level could propel the stock price higher by 20%.

Additionally, the NASDAQ stock price is above the supply, indicating an opportunity for stock buyers to affect the price trend.

Therefore, a positive breakout above the current support is required to confirm the potential bull run and could lead the share price to the $382.00 upper high level, providing a strong resistance to the stock price and drawing in more investors, if buyers eventually overcame sellers’ trend control and recovered from the $359.40 support.

Make money without lifting your fingers: Start trading smarter today