COIN (NASDAQ:COIN) Price Anticipates an Upside Reversal

$COIN (NASDAQ: COIN) Forecast: July 23

Today, the Coinbase Global (NASDAQ: COIN) market price is anticipated to experience an upside reversal following a slight decline in the positive rally. However, the stock may continue its bullish trend and soar higher if buyers exert more force on the price action. According to the outlook, the price may turn positive and break through the previous barrier of $415.96, gaining a stronger foundation for future increases if there is a renewed spike in buyer interest.

Key Levels:
Resistance Levels: $418.00, $419.00, $420.00
Support Levels: $412.00, $411.00, $410.00

COIN Long-term Trend: Bullish (Daily Chart)

The NASDAQ: COIN price appears ready for an upside reversal, following a brief pullback triggered by renewed bear activity on the higher time frame. Despite this dip, the price remains above the moving average, supporting a broader upward trend.
An upside reversal is likely if the price holds above key support, signaling a shift from bearish to bullish sentiment.

The stock’s performance at its most recent correction was aided by the bulls’ strong order flow to a resistance level of $410.75 in the previous session.

At the press time, the $COIN price at $413.44 support level remains above the resistance trend line, indicating a bullish trend.

Meanwhile, this has not spoiled the market condition of the share as it remains intact.

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

Therefore, buyers need to work harder to forecast a bullish market rise above the $415.96 supply level.

Additionally, the NASDAQ stock price will have the potential to undergo an upward reversal at the current support level if it maintains its position above the supply levels.

As a result, the share price can shortly rise to the upper high of $420.00, indicating a favorable entry position for shareholders from a long-term view.

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

The NASDAQ: COIN market also trades in a bullish trend in the medium-term outlook, due to the impact of long-term traders on the price flow.
The share price has sustained its position above the resistance level due to increased bullish momentum at the $427.55 resistance during the previous price action.

The NASDAQ stock price is currently trading above the supply levels at the $413.55 support level, suggesting bullish momentum.

Meanwhile, the share has the potential to rise even higher and retest the $427.55 previous barrier, provided there is strong buying pressure and positive market sentiment, resulting to a vibrant resistance to the stock price.

Furthermore, $COIN price action is above the resistance threshold, indicating an opportunity for buyers to drive the trend upward.

Therefore, a positive breakout above the current support is required to confirm the potential bull run and could lead the share price to the $430.00 upper high level, providing a strong resistance to the asset and drawing in more investors, if buyers eventually overcome sellers’ trend control and recover from the $413.55 support.

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