COIN (NASDAQ:COIN) Price Could See another Uphill Trend Soon

$COIN (NASDAQ: COIN) Forecast: April 21

The Coinbase Global (NASDAQ: COIN) market price could see another uphill trend. The 4-hour candle may reverse to the upside for another probable upward surge. The share price may retrace at the $173.48 low level to retest the previous high of $320.90. If buyers can demonstrate their strength and trade hands with sellers at the mentioned support level, the $349.75 upper resistance trend level might be the target.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $163.00, $162.00, $161.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN market is currently in a negative area as it begins its uphill trend with the stock price trading below the supply levels, confirming its bearishness due to the inflow from sell traders.
Actions from the short traders at a $172.30 low point in the last session have dropped the share price beneath the supply trend lines in its recent correction.

The NASDAQ stock price could see an uphill trend soon as a new bullish correction is in place. The share gave a bullish breakout from $172.60 to a $177.50, suggesting buyers are making a recovery attempt.

Thus, if the stock price could sustain above the $320.90 high level, the potential rally could surge to hit $349.75 and beyond as it approaches the anticipated target.

Additionally, continuation to the upsides is likely as the price indicator projects an upward move, implying that the uphill trend will continue and the pattern might hit the $349.75 upper resistance trend line, indicating a potential buy signal in its long-term view.

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

The NASDAQ stock price is forming lower lows and lower highs on its medium-term chart. Further, the price is below the EMA-50, suggesting a bearish market.
The price drop to the $174.49 low value in the previous action has contributed to the share price bearishness. However, the stock market could see an uphill trend if the bulls add more energy to their buying power.

Today, the bears dropped the $NASDAQ:COIN price to a $173.48 support level below the moving average.

Given the current trend, buyers may purchase the share at a lower cost and push the market higher. Thus, the price tendency will climb over the crucial levels if the bulls raise their level of market tension.

Further, $COIN price could reverse to another uphill trend if the bulls can exchange hands with the bears at the $173.48 low point.

As a result, the share price might surge to reach $310.64 and expose the share price to a $349.75 supply level in the coming days in its medium-term forecast.

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