COIN (NASDAQ:COIN) Price Finds Resistance at $356.88 Level

$COIN (NASDQ: COIN) Forecast: October 27

Amidst soaring network activity today, the $COIN price finds resistance at a $356.88 mark, generating significant interest among investors. There is an opportunity to buy the stock while it continues to climb the bullish ladder and move in an upward direction at the moment. However, the price will rise above the current resistance level if buyers apply more pressure to the market price action; the $405.88 prior barrier might be retested shortly, exposing the share price to a $415.96 upper resistance level, resulting in a good entry time for interested traders.

Key Levels:
Resistance Levels: $376.00, $377.00, $378.00
Support Levels:    $172.00, $171.00, $170.00

$COIN Long-term Trend: Bullish (Daily Chart)

Over the past 24 hours, NASDAQ:COIN prices have experienced a notable surge, leading to a broader market rally in its higher time frame.
The price is trading above the EMA-50, indicating a bullish trend. However, the market is presently facing overhead resistance at the recent high.

In the meantime, the bullishness in its recent high has been aided by the bulls’ strong order flow at the $354.06 high value in the previous trading session.

The price of $COIN hit an all-time high of $356.88 above the resistance level shortly after the daily session began today, indicating increasing buying activity at the time of writing.

Therefore, a daily candle and an upward breakout over the $405.88 barrier will assist buyers with a strong foundation to drive the stock price higher, providing traders with an excellent entry opportunity.

Furthermore, the daily stochastic indicates an upward trend. In the long run, the next rally may surpass the mentioned supply and reach the $415.96 psychological threshold if the bulls can maintain the coin price above the $405.88 prior high.

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

The $COIN market is impressive on the medium-term chart. The share remains a good buy at the moment, trading above the moving average, approaching the upper resistance level.
Meanwhile, the share price is very likely to continue moving upwards as we are seeing a strong turnout of buyers.

Today, the NASDAQ: COIN buyers’ corrective rally at $356.85 above the EMA-50, shortly after the 4-hourly session opens, could lead to the $405.32 previous high, amid an ascending bullish pattern.

In addition, the NASDAQ stock market has recently experienced a price surge and may swing and break at its expected target of $436.30, strengthening investors’ confidence in the asset and driving expectations for future gains.

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