COIN (NASDAQ:COIN) Price Could See an Increase Soon

$COIN (NASDAQ: COIN) Forecast: September 29

The recent market structure suggests that the $COIN price could see an increase soon, and a potential breakout is imminent, which might lead to a rise in the stock price. The share may resume the bullish correction if the current support at $304.36 remains unmoved. The stock price may turn upside to retest the $405.88 with strong volume from the bulls, signaling the end of a downward trend and leading the NASDAQ stock price to a $415.00 upper resistance level, resulting in a buy signal for the interested traders.

Key Levels:
Resistance Levels: $350.00, $351.00, $352.00
Support Levels:    $193.00, $192.00, $191.00

COIN Long-term Trend: Bearish (Daily Chart)

The NASDAQ: COIN market rebounded after its massive drops, suggesting that the price will increase as it embarks on a bullish momentum in its long-term outlook.
The price action is below the moving average, indicating a downward trend.

Meanwhile, the market shows that the price will go higher as it faces resistance at its recent price level.

However, the bullish correction at the $314.24 resistance level below the EMA-50 today indicates that the bulls are planning to move the price of $COIN to a high level.

Hence, if the bullish correction continues, the stock price could reach its previous all-time high of $405.88, reflecting growing investor interest and confidence in the asset.

Further gains are also anticipated because the price indicator shows that the price of NASDAQ stock is rising, implying that the share price will continue to rise as long as the bulls remain in control of the market’s price movement.

Given this, the stock price may reach a high trend line of $415.96 in the coming days.

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

On the medium-term outlook, the NASDAQ stock market is below the moving average, indicating a bearish trend, following the impact of the short-term traders.
The sustained bearish pressure at a $304.40 support value in the last action has made the stock price trade below the supply trend levels in its recent price level.

As the 4-hourly chart begins today, bearish actions sent the $COIN price lower, reaching the $311.28 support level below the EMA-50.

Hence, if a renewed surge in buyers’ interest occurs, the share price may experience a reversal at the mentioned support to a previous high of $436.30, signaling a resurgence of bullish activity and potentially leading the share to the upper range of the market.

Thus, dropping to the oversold region, as indicated by the price projector, shows a high possibility for price reversal.

Then there is a high probability of the NASDAQ: STOCK price going up to its recent swing high and increasing to the $415.00 supply mark in the coming days, in the medium-term outlook.

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