COIN (NASDAQ:COIN) Price Is Going Long

$COIN (NASDAQ: COIN) Forecast: May 10

Today, the Coinbase Global (NASDAQ: COIN) market value is going long as it remains firm in a bullish trend. The share price sends clear bullish signals, trading above the EMA line, indicating that buyers are making solid progress. The stock price gave a bullish breakout from $205.31 to $210.47 value amidst market correction, suggesting buyers are making a recovery attempt. Consequently, if the share price could surge and remain above the $332.00 high level, the possible rally may accelerate to the $349.75 upper resistance level, hinting at a potential bullish continuation.

Key Levels:
Resistance Levels: $288.00, $289.00, $290.00
Support Levels: $174.00, $173.00, $172.00

COIN Long-term Trend: Bullish (Daily Chart)

The long–term chart of $COIN shows that the price is going long. The share price is above the moving average, indicating an uptrend. The upward trend will continue following the increasing volume by the bulls.
The bulls’ successful breakout to the $198.76 high level has contributed to the stock price going long at its recent high.

The NASDAQ stock price is going long, as seen from the daily chart. Buyers pushed the stock price to the $210.47 supply value above the EMA-50 to open today’s daily chart, trying to replenish the bullish momentum.

Thus, if this bullish growth pattern is steady, an established uptrend will be achieved, reaching its all-time high of $332.00.

Additionally, due to an upward momentum shown by the price indicator, the NASDAQ: COIN price might continue going long to reach the $349.75 upper high level soon, offering a good buy entry opportunity in its long-term outlook.

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

Despite the interference of the short traders, the NASDAQ stock price is going long on the medium-term chart. The price currently trades above the EMA, making higher highs and moving towards the upper resistance area.
The stock market has been able to develop and appears attractive to buyers at its recent high due to the bulls’ persistent order flow to the $197.43 supply in the last session.

Today, the $COIN price trades at a $210.46 high value above the EMA-50 as the 4-hourly chart opens, resulting in an intraday gain for shareholders.

Hence, a breakout from the $210.46 current supply to hit the $302.40 previous barrier level could attract momentum buyers to propel the price toward the upper channel, indicating a strong possibility for a bullish correction.

Notably, the NASDAQ: COIN price is going long, and this may continue as shown by the daily signal pointing upwards. As A result, the upward rally might reach the $349.75 upper resistance trend line soon in its medium-term forecast.

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