COIN (NASDAQ:COIN) Price Looks for a Bullish Reversal Soon

$COIN (NASDAQ: COIN) Forecast: April 7

The Coinbase Global (NASDAQ: COIN) market price looks for a bullish reversal as the current selling pressure at the $147.17 daily candle may end soon, and the share price could be ready for an upward movement. The stock market is on the verge of an upside turn at its current low value as the selling pressure has reached the exhaustion stage. Therefore, should the bulls add more pressure to the buying momentum on the stock, the share price may reverse to the bullish pattern, and its upside moves could reach the $332.00 high barrier and extend to a $349.75 prior peak level, creating a strong accumulation zone for shareholders.

Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $175.00, $174.00, $173.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN market price looks for a bullish reversal as the selling pressure is about to end on the long-term outlook.
The share price is below the supply levels, suggesting a bearish momentum due to the inflow from the sell traders.

The sustained pressure from the bears at the $173.93 support level in the last few days has contributed to its bearishness in its recent low.

The price of NASDAQ stock at the $147.17 low value below the EMA-50 as the daily chart opens today looks for a bullish reversal as the selling pressure is not likely.

Thus, if the bulls put extra effort into the price action, the stock price could turn positive and break above the $332.00 supply mark. As a result, further selling pressure will be put into hibernation.

In addition, the NASDAQ: COIN market remains in an uptrend at the oversold region of the daily stochastic.

A price reversal at the mentioned support is possible in the interim. In the long run, the anticipated bullish surge could break through the $332.00 high point and reach the $349.75 peak resistance value in the upcoming days.

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

The $COIN market price looks for a bullish reversal and rebounded after massive drops in the medium-term outlook. The share price is below the moving average line, suggesting a bearish trend.
Actions from the short traders at a $147.22 low level in the last few hours have dropped the share price beneath the supply trend lines in its recent low.

After completing the low-dips by the sell traders at a $147.22 support, the NASDAQ: COIN price looks for a bullish reversal as the stock buyers moved the price up to a $163.60 high mark below the supply levels as a pullback as the 4-hour chart resumes today, as a result of more concerns from the buy investors.

Thus, a possible breakout from the mentioned supply will accelerate the buying momentum and push the prices of NASDAQ stock higher to hit the previous high at $326.23 level, bolstering the stock buyers for a sustainable rally.

Additionally, as a result of an upward momentum shown on the daily signal, the bullish race might touch the $349.75 resistance level sooner in its medium-term forecast.

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