COIN (NASDAQ:COIN) Price is Increasing and Will Continue

$COIN (NASDAQ: COIN) Forecast: February 5

The Coinbase Global (NASDAQ: COIN) market price is increasing and may continue if the stock buyers exert more force into the price action in the market. The $349.75 peak barrier level might be retested and exposed to a $360.00 upper resistance level, registering a buoyant upward trajectory and a clear buy signal for stakeholders.

Key Levels:
Resistance Levels: $288.00, $289.00, $290.00
Support Levels: $164.00, $163.00, $162.00

COIN Long-term Trend: Bullish (Daily Chart)

The NASDAQ: COIN price is currently increasing and will continue trading in a bullish trend market in the long term. If market conditions remain favorable, the bulls might continue with the buying pressure.
The sustained bullish pressure to a $306.00 high mark on the 30th of January has enhanced the stock price to remain firm in an uptrend in its recent high.

After completing the $287.22 lows of yesterday, the $COIN price pulled back to a $288.40 high level above the EMA-50 as the daily chart opens today, suggesting that stock traders are actively buying and the share price is increasing at this price level.

A further increase in the buying pressure will lead the NASDAQ stock price to the $349.75 previous high mark, suppressing any further bearish thesis.

Additionally, the share market is approaching the oversold region. If the bulls can prove strong and increase their buying pressure, the share market will continue to move higher and quicken the emergence of more buyers to move the stock price up to a significant level on the upside and this might hit the $370.00 supply trend mark as the $COIN market is increasing in its higher time frame.

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

The NASDAQ: COIN market price is also increasing and will continue to move higher in the medium-term outlook, due to the high impact from the long-term traders in the price flow.
The sustained bullish pressure in the past few hours has led to the share’s recent high.

The buy traders’ impulse move pushed the price of $COIN up to a $288.70 high level above the moving averages shortly after the 4-hour session opened today, allowing buyers to influence and increase the market price trend.

Notably, the NASDAQ stock market is pointing up, indicating an uptrend on the daily signal.

As a result, the share price is increasing and this may continue to surpass the $349.75 previous high level and expose the trend to hit the $370.00 upper resistance value in the days ahead days in its medium-term perspective.

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