$COIN (NASDAQ: COIN) Forecast: April 26
The Coinbase Global (NASDAQ: COIN) market bulls are back, this time with a bang. The stock price is trending up and may reach the $349.75 supply level soon. A decisive break below $147.35 would result in additional losses for the share. Conversely, a daily candlestick above the $320.90 supply level, on the other hand, would invalidate any bearish theory. As a result, if buyers can put more effort into their market tension, the trend will shift upward to the $349.75 high value, registering a buoyant upward trajectory, resulting in a higher profit for the shareholders.
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)
On a higher time frame, the NASDAQ stock price is trending up and remains bullish. This is obvious because prices are slightly above the EMA line due to the significant impact of buy investors.
Today’s daily chart shows a broader recovery and a renewed strength in investors’ interest in the stock as the bulls took their stand to continue trending up.
The $COIN price jumped to a $204.21 resistance level above the EMA-50 as the daily chart resumes today.
As a result, staying above moving averages indicates a high likelihood of a bullish pattern continuation. Hence, a strong break up above the $320.90 previous high level would amplify the bullish pressure on the share market value.
Meanwhile, the market price of NASDAQ: COIN is pointing up on the daily stochastic, suggesting that the bulls may continue trending up.
Hence, the expected upside in the coin price could be high at $349.75 value in the coming days in its long-term forecast.
COIN Medium-term Trend: Bullish (4H Chart)
The NASDAQ: COIN market price is facing overhead resistance and remains in a bullish market in its medium-term outlook. Furthermore, the stock value is above the 50-day moving average, suggesting a bullish trend.
As the 4-hour chart resumes today, the bulls have reached the resistance level of $204.22 above the EMA-50. However, the buy traders could not relent, as they aim to continue trending up and drag the stock price to a significant level at the upside.
Hence, the bullish correction at the mentioned resistance level is an indication that the bulls are planning to strongly move the price of $COIN to a high level at the upsides and the $349.75 supply trend line might be the target in the future in its medium-term perspective.
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