COIN (NASDAQ:COIN) Price Could Surge Higher

$COIN (NASDAQ: COIN) Forecast: May 28

Despite the bears’ activities, the Coinbase Global (NASDAQ: COIN) market value could surge higher as the momentum remains in an uptrend, showing the global impact of stock buyers on the asset. The stock price could still rise if the bulls can bolster their momentum and break above the $306.00 level. A $349.75 upper high mark might be the target for the share. Despite the bears’ activities, the Coinbase Global (NASDAQ: COIN) market value could surge higher as the momentum remains in an uptrend, showing the global impact of stock buyers on the asset. The stock price could still rise if the bulls can bolster their momentum and break above the $306.00 level. A $349.75 upper high mark might be the target for the share.

Key Levels:
Resistance Levels: $288.00, $289.00, $290.00
Support Levels: $147.00, $146.00, $145.00

COIN Long-term Trend: Bullish (Daily Chart)

On a higher time frame, the NASDAQ stock price surges could surge higher, following a broader market recovery, with a significant increase in trading volume, describing a bullish trend.
The increase in bulls’ activity on the stock in the last action has enabled the price to remain on the upside in its recent high.

The market price of $COIN at $268.04 level above the moving average as the daily chart commences today could surge higher if stock buyers can add more aggression to their buying motives.

The NASDAQ: COIN price has shown a steady ascending trend recently, following a broader market recovery.

Therefore, if the bulls add more pressure to their buying motives, the share price could surge higher above the $306.00 previous barrier, indicating high conviction from buyers.

Further, a continuation of the upsides might occur if the bulls add more energy to their buying motives. In light of this, the NASDAQ stock price could surge to touch the $349.75 upper resistance trend line in the days ahead, resulting in a potential buy signal in its long-term view.

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

Despite the bears’ involvement, the NASDAQ: COIN market price denotes a 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 sustained bullish pressure in the past few hours at the $265.08 supply has enabled the share price to remain above the resistance trend level in its recent low.

Meanwhile, the current price of $COIN at $263.03 support level above the EMA-50 has not stalled the status of the stock market as it remains in an uptrend. Thus, traders who buy the share at this level will also make gains in the future.

However, the selling pressure on NASDAQ stock may be subsiding, potentially leading to a reversal at the $206.30 support level if buyers step in and increase their potential buying actions.

Thus, the $302.40 previous high level might be retested, exposing the share 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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