COIN (NASDAQ:COIN) Price Gearing up for the Next Bull Rally

$COIN (NASDAQ: COIN) Forecast: November 26

The Coinbase Global (NASDAQ: COIN) price is gearing up for the next bull run despite uncertainty in the stock market. The share is ready for an upward surge as the selling pressure has subsided. The price is showing a new fundamental growth towards the resistance level, and this may continue. Thus, if buy investors can increase their optimism and interest in the asset, the share price may surge from the current supply level of $257.95 and break through the $405.88 peak barrier to the $415.96 upper resistance level, resulting in an intraday gain for stock investors.

Key Levels:
Resistance Levels: $392.00, $393.00, $394.00
Support Levels:    $198.00, $197.00, $196.00

COIN Long-term Trend: Bearish (Daily Chart)

In the long term, the $COIN market is displaying a negative trend. The price bars can be seen below the moving averages, due to the inflow from sell traders, suggesting a bearish momentum.
The share price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.

Buyers awaits a bullish opportunity as the NASDAQ: COIN price rebounded from the support value of $231.17 and pushed higher to a $257.95 supply level below the EMA-50 as the daily chart opens today, indicating a genuine reversal, attempting the $405.88 crucial supply breakout.

Additionally, the daily stochastic is up, indicating that the NASDAQ stock price may continue to surge. In this case, a bullish impact towards the higher side may occur.

Therefore, the bulls could drive the stock value to the upper resistance level of $415.96 in the days ahead as the share is set to reclaim new supply levels in its higher time frame.

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

In terms of its medium-term outlook, the $COIN market is trading in a bearish market. This is because sell traders have a lot of impact on the asset.
The stock is making its way up after hitting $231.23 to overcome support and signal a pump. phase.

As a 4-hourly session begins today, the market price of NASDAQ: COIN rises to a $257.95 level below the EMA-50, indicating the return of buyers and an improved positive market sentiment.

Hence, the share price sustainability above the $388.27 mark could encourage buyers for more upswings.

Notably, the stock price is in an upward direction on the daily stochastic; therefore, if additional selling power is prevented, a post-retest rally may drive prices to the $390.00 upper resistance in its medium-term time frame.

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