COIN (NASDAQ:COIN) Price Maintains Strength above Supply Levels

COIN (NASDQ: COIN) Forecast: July 26

The $COIN price shows sign of an impending breakout as it maintains strength above supply levels, gaining traction towards the overhead range. If analysts and investors continue to be interested in the shares, the stock price, currently above the $391.90 supply value, might rise further and see significant gains. Thus, if the bulls breach the $405.88 resistance, the next resistance level to watch out for would be around the $415.00 level, signaling strong market optimism and potential gains for shareholders.

Key Levels:
Resistance Levels: $397.00, $398.00, $399.00
Support Levels: $147.00, $146.00, $145.00

COIN Long-term Trend: Bullish (Daily Chart)

In the long run, NASDAQ: COIN remains strong or maintains strength above supply levels with positive momentum and increasing trading volumes, despite disruptions from short traders.
The price bars are above the EMA-50, confirming the bullishness. The stock market is generally seen as bullish since the bulls were unable to quit buying shares.

The persistent bullish pressure on the shares at the $410.75 supply level in the last few days has sustained the market price above the supply levels in its recent high.

As the daily chart opens today, the bulls pulled the price of $COIN back above the supply levels at the $397.48 resistance mark, boosting investor interest after updating yesterday’s lows at $392.00.

However, if the NASDAQ: COIN shareholders increase their enthusiasm on the stock market, the price may surge to hit the $405.00 peak barrier as it maintains its strength above the supply level.

Additionally, the NASDAQ stock market is pointing upwards on the daily stochastic, suggesting the emergence of more buyers to move the share price action to a significant level at the upside, and this might hit the $415.00 supply trend mark, thus registering a buy signal for the shareholders as the market maintains strength above supply levels in its higher time frame.

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

The NASDAQ: COIN price maintains strength above the supply levels as market optimism rises on the medium-term outlook. The market price is above the moving averages, implying buyers are gaining more strength in the stock deals.
The stock market’s recent stability above supply levels has been maintained by the bullish impact on it at a $388.66 supply level in the previous session.

As the 4-hourly chart opens, the bulls surged to $397.44, indicating the possibility of large gains, and the $COIN continues to hold strength above supply levels today.

Therefore, buyers would be able to regain control and possibly push the share price toward the higher resistance level if there is a breakout above the $410.17 previous swing high.

The daily stochastic is also moving upward, indicating that the NASDAQ: COIN might keep its strength above the supply levels.

In light of this, the market participants may experience a new recovery rally, reaching the $436.00 upper high mark in the days ahead on its medium-term time frame.

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