COIN (NASDAQ:COIN) Price Is Increasing Towards the $436.30 Resistance Level

$COIN (NASDQ: COIN) Forecast: September 24

Amid recent market fluctuations, the $COIN price is rising toward the overhead resistance level. This suggests optimism for the asset. If buying pressure continues, the price could rise 5%, retesting the $420.09 resistance. It may then extend to the $436.30 upper resistance, indicating intraday gains and forming an accumulation zone for shareholders.

Key Levels:
Resistance Levels: $405.00, $406.00, $407.00
Support Levels:    $239.00, $238.00, $237.00

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

The price of $COIN is rising despite slight corrections, following sharp declines in its higher time frame. The increased market interest is reflected in the stock price being above supply levels.
Due to the bulls’ persistent push against the $344.10 supply level in the previous action, the share price is rising above the supply levels at its most recent high.

The NASDAQ:COIN market structure indicates the price is going up. The bulls pulled back to a $333.07 high level above the moving averages. As the 4-hourly chart opens today, this indicates that investors are actively buying at this level.

Hence, a possible breakout from the mentioned supply level will provide a higher float for buyers and prolong the ongoing recovery for future gains.

Thus, with the NASDAQ stock price rising, we have a bullish bias. We expect the share price to continue its upward trend. The market also indicates an uptrend on the daily stochastic.

In light of this, if buying pressure increases, there may be a potential rise in the $COIN price, and this might retest the previous high of $420.09, extending the share price to the $436.30 upper high trend line in the coming days, from a long-term perspective.

$COIN Short-term Trend: Bullish (1H Chart)

On the 1-hourly chart, $COIN prices are above the moving averages and have confirmed bullish momentum, breaking the previous high and suggesting renewed buying interest among investors.
The stock market has appeared attractive to buyers at its recent high due to the bulls’ persistent order flow to the $331.93 supply in the last session.

Today, the NASDAQ:COIN price shows a slight movement above the EMA-50 at the $332.79 high level as it increases towards the upper high level, defying the current market uncertainty.

Meanwhile, the stock price prediction may rise toward the $349.64 resistance level if investors remain enthusiastic, giving buyers an immediate gain. This breakout could provide buyers with a strong foundation to support future gains.

Furthermore, the daily signal pointing upwards suggests bullish continuation. As a result, the NASDAQ stock may continue to rise and may soon approach the $351.90 upper resistance level in its lower time forecast.

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