$COIN (NASDAQ: COIN) Forecast: April 23
The Coinbase Global (NASDAQ: COIN) market could turn positive soon as the selling pressure is about to subside. The stock market is on the verge of a correction phase if the bulls put more aggression on their buying purposes and all support levels remain unmoved, the price breakout may test the previous high at a $320.90 value, and this may hit the $349.75 supply trend line, indicating capital inflow to the asset and increasing buying pressure.
Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $147.00, $146.00, $145.00
COIN Long-term Trend: Bearish (Daily Chart)
The NASDAQ: COIN market low momentum could turn positive soon as the selling pressure is about to subside. The stock price is trading below the EMA-50, suggesting a bearish trend. However, the current trend will soon be nullified as the market indicates uptrend.
As the daily chart begins today, bearish actions sent the $COIN price lower to a $171.41 support level below the EMA-50. Meanwhile, the selling pressure on share market may be subsiding, potentially leading to a reversal at the $171.41 support level if buyers step in.
However, the NASDAQ stock market could turn positive and grow further if the buy traders increase their activities and turn up from the $171.41 current support to break up the $320.90 previous high level, maintaining a further growth potential for the buy traders.
Similarly, should the bulls exchange hands with the sell traders at the $171.41 low value and close above the $320.90 resistance value, the share price might further increase to a $349.75 resistance level, leading to additional gains for the buy investors in its long –term outlook.
COIN Medium-term Trend: Bearish (4H Chart)
The NASDAQ stock market is trading in a bearish trend in its medium-term outlook due to the high influence of the sell traders. 
However, the share market is regaining strength with new corrective moves at the support levels.
Today, the NASDAQ: COIN price rallied to the $175.68 resistance value below the moving average as a pullback and breached the $172.96 barrier as the 4-hourly chart opens.
With the overall market trend still bearish, the share price could turn positive and plunge higher to retest the high accumulation zone of $310.64
In continuation, the market price of $COIN is uptrend on the daily stochastic, suggesting the selling pressure is likely to end soon. We will now be looking into the emergence of stock buyers.
As a result, the price could pump or surge upsides to hit the $349.75 resistance value soon in its medium-term outlook.
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