COIN (NASDAQ:COIN) Price at Possible Buying Opportunity

$COIN (NASDAQ: COIN) Forecast: July 12

Today, the Coinbase Global (NASDAQ: COIN) price is at a possible buying opportunity with a bullish reversal pattern. The share price is gaining traction and remains stable at the upper channel, signaling strong market optimism and potential for significant gains. If the bulls could defend the selling pressure and close the daily candle above the $389.16 current resistance value, the next price target may be the $400.00 upper high trend line as the market looks to extend its gains.

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)

On a higher time frame, the NASDAQ stock price is at a possible buying opportunity following a broader market recovery, with a significant increase in trading volume by the bulls.
The stock price is close to the upper resistance area above the crucial level, proving its bullish trend.

The price is moving towards the upper resistance above the converging trend lines, denoting a bullish trend and a rise in volatility.

The rising pressure from the bulls in the past few days has sustained the share price above the supply trend levels in its recent high.

However, on the daily chart today, there is a broader recovery in the prices. The $COIN market value is at a possible buying opportunity as it jumped to a $389.16 high mark above the EMA-50,showing signs of revitalization.

Thus, if the stock price could sustain above the $389.16 supply level, the potential rally could surge to the upper range before any slowdown from the bears.

Additionally, closing above the barrier will motivate investors for a strong performance if buyers can hold above the $389.16 high mark and close a candle.

In light of this, the NASDAQ: COIN price may rise in the coming days to reach the upper resistance level of $400.00

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

The NASDAQ: COIN market price action denotes a beautiful bullish posture in its medium-term view.
The stock price is above the EMA-50, indicating an upward momentum and the high impact of buyers in the market.

The previous action at the $388.82 high level has sustained the share price above the trend line in its recent high.

The bulls hit the resistance level of $389.12 above the EMA-50 as the 4-hourly chart resumes today, indicating investors’ sparking optimism.

However, the buy traders could not relent, as they aimed to drag the price further to a significant level at the upper channel.

The bulls are preparing to push the $COIN’s price to a high level on the upside, nevertheless, as indicated by the positive corrective at the resistance level mentioned. The $400.00 upper high trend line may be the goal in the medium-term prediction.

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