COIN (NASDAQ:COIN) Price Is Down, Gathering Bounces

$COIN (NASDAQ: COIN) Forecast: March 24

Today, the Coinbase Global (NASDAQ: COIN) market value is down, gathering bounces to begin its upward race. The share price is trending towards the resistance trend level, signaling a possible bullish breakout. If the new bullish correction persists, the stock price may surge to retest the $349.75 peak barrier level and aim for the $350.00 upper resistance target.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $162.00, $161.00, $160.00

COIN Long-term Trend: Bearish (Daily Chart)

The NASDAQ: COIN market is gathering bounces to revitalize the bullish correction pattern in its long-term view. The stock price is down, below the EMA-50, implying the trend is bearish.
The bearish pressure at the $178.78 support level in the last few days has made the share price stay below the supply trend levels in its recent correction.

The $COIN price is down, gathering bounces at a $190.72 resistance value below the moving average as the daily session opens today. This suggests buyers are making a recovery attempt to command the NASDAQ stock price actions.

Thus, the share price will grow further if the buy traders can add more pressure to their buying actions in the market.

Therefore, a strong push by the long traders from the $190.72 current high mark with a daily candle closing above the $349.75 previous peak level could signify a shift in the market dynamics.

Such a breakthrough would enable stock buyers to regain control and drive the share price toward the overhead trend level.

In addition, the daily stochastic indicates an uptrend. In this case, the NASDAQ stock price might continue its bullish trend pattern and grow to reach the $350.00 upper resistance mark in the days ahead as it continues to gather bounces in its long-term forecast.

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

In the medium-term outlook, the NASDAQ stock market looks bearish but the bulls are gathering bounces to stabilize the prices.
Meanwhile, the stock price is trading at resistance close to the EMA-50, with a bearish scenario. So it seems that the bulls are about to take over the stock market and push us higher.

Amid the recent growth in the share market, the $COIN buyers provided a bullish breakout to a $190.71 high level below the EMA-50, paying the way for further recovery.

Thus, if the stock value could surge and sustain above the $310.64 high level, the potential rally might hit the $349.75 high and beyond.

Meanwhile, further upsides are likely as the price signal points upwards, implying that the upward rally will continue and may break the $349.75 resistance value to reach the $350.00 upper resistance level in the coming days in the medium-term time frame

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