COIN (NASDAQ:COIN) Price Anticipates Bullish Continuation

$COIN (NASDAQ: COIN) Forecast: May 5

The Coinbase Global (NASDAQ: COIN) market anticipates a bullish continuation as the daily candle rebounds at the $209.00 high value with bullish sentiment. The stock price is flashing bullish signals with a 2% increase. Hence, if all the current support holds and the bulls push higher, the price breakout may test the previous high at $332.00 and reach the $349.75 upper resistance level, indicating capital inflow to the asset and increasing buying pressure..

Key Levels:
Resistance Levels: $290.00, $291.00, $292.00
Support Levels: $175.00, $174.00, $173.00

COIN Long-term Trend: Bullish (Daily Chart)

The $COIN market anticipates a bullish continuation as the new correction begins above the supply levels, indicating a bullish trend due to high turnover from the bulls in its long-term outlook.
The stock market has appeared attractive to buyers at its recent high due to the bulls’ persistent order flow to the $203.04 high mark in the last few days.

Today, the NASDAQ stock market anticipates a bullish continuation and shows promising signs of recovery above the crucial level at $209.00, indicating a significant upward trend.

Therefore, if the share price makes an intense rally from its present price at the $209.00 supply value above the moving average line, the price action or the push might touch the $332.00 previous high level, strengthening investors’ confidence and driving expectations for future gains.

Furthermore, the NASDAQ: COIN market value anticipates bullish continuation as the daily stochastic signals an uptrend, if the bulls could push harder and sustain the share price above the $320.90 previous high, the resulting rally may surpass the $332.00 level and hit the $349.75 psychological level at the upside in the days ahead in its higher time frame.

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

The $COIN market anticipates a bullish continuation. The share price remains bullish despite the interference of sellers in the medium-term outlook.
The sustained bullish pressure to a $209.00 supply value has made the stock price remain above the supply trend levels in its recent low.

Meanwhile, the current price of NASDAQ: COIN at a $203.31 low value above the EMA-50 shortly after the commencement of the 4-hourly chart has not stale the market condition of the share as it remains intact.

Meanwhile, the selling pressure on the stock market may be subsiding, potentially leading to a reversal at the $203.31 support level if buyers step in and increase their buying volatility.

Thus, the $302.40 previous high level might be touched, exposing the $COIN price to a $349.75 upper resistance level in the coming days, suggesting continued buying pressure in its medium-term forecast.

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