COIN (NASDAQ:COIN) Price May Break up the $303.56 Supply Level

$COIN (NASDAQ: COIN) Forecast: April 14

The Coinbase Global (NASDAQ: COIN) market price may break up the $303.56 supply mark as it surges to reclaim another crucial supply. If stock buyers can add more aggression to their buying pressure and don’t give up, the share price may trigger up to the overhead resistance mark at $303.56 and expose to the $349.75 prior high level, signaling an uptick in investors’ interest.

Key Levels:
Resistance Levels: $278.00, $279.00, $280.00
Support Levels: $163.00, $162.00, $161.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN market price is in green and may break up the $303.56 resistance level as it changes direction to the upside below the supply levels. The price bar can be seen in green below the moving averages, due to the high order flow of the sell traders.
The bears’ previous action at a $147.35 low value has added to the bearishness of the recent price level.

However, the bulls are ready to swing the share price as a new correction has occurred below the trend levels.

The current price of the NASDAQ: COIN pair at the $178.00 high level below the EMA-50 as the daily session opens today indicates the investors’ optimism to increase the potential, and this may break up the crucial resistance level.

The long-term traders can grab this short bullish upswing to the overhead resistance, but the fate of NASDAQ stock’s near future price depends on the range breakout.

Hence, the current correction phase may continue as the momentum indicator points up. In light of this, the stock price may break up the $303.56 supply to reach a $349.75 prior resistance level as the bulls continue their bullish correction and remain dominant in its long-term perspective.

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

The NASDAQ: COIN market has just reclaimed a crucial supply below the moving average and may break up the prior supply level in its medium-term perspective. The share price is trending below the supply level, suggesting a bearish trend.
The NASDAQ stock market is making its way up after breaking through support at the $167.00 level, indicating a pump-up. However, it looks like the stock price will swing up sooner.

The interference of short-term traders to the $167.00 low level in the previous action has contributed to its bearish momentum in its recent correction.

The market price of $COIN at a $178.00 high level below the moving averages as the 4-hourly session opens today suggests the return of the bulls to the market and improved bullish market sentiment, indicating that buyers are defending this level and attempting to push the share price higher.

Therefore, a 4-hour candle closing and an upward breakout over the $310.64 barrier will give shareholders a strong foundation to drive the stock price higher, providing stock buyers an excellent entry opportunity.

In addition, the momentum indicator shows that the NASDAQ stock market may surge to break up its prior resistance point at $310.64 as it remains up.

As a result, the price distribution may surge to reach the $349.75 supply level and beyond in the coming days as the stock buyers reclaim crucial supply in its medium-term outlook.

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