COIN (NASDAQ:COIN) Price May Proceed Higher

COIN (NASDAQ: COIN) Forecast: December 1

Today, the Coinbase Global (NASDAQ: COIN) price may proceed higher following the return of buy investors to the market. The share is about to make noise again, with a 4.27% increase after a few days of low dips. The stock price gave a bullish breakout from $266.62 supply amid selling pressure, suggesting more gains to come. However, if buy traders aim higher and put more effort into their buying actions in the market, a shift in the trend to the $405.88 barrier could be reached, signaling the potential for significant gains.

Key Levels:
Resistance Levels: $388.00, $389.00, $390.00
Support Levels:     $237.00, $236.00, $235.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN market is currently in a negative area as it begins an uphill trend, with the stock price trading below supply levels, confirming its bearishness due to selling by traders.
The stock price has recently ignited a potential surge approaching the resistance level, indicating a bearish trend.

The price has been below the supply trend since its recent low as a result of persistent bearish pressure over the last few days.

However, this will soon be refuted, and the share price may surge higher as the stock has just begun its upward trend, but has not yet achieved its objective.

The NASDAQ: COIN market has completed its bearish correction and rose to $266.62 level below the EMA-50, setting for an upward trend as the daily chart opens today.

The abrupt increase in stock price suggests that the resistance trend line may be challenged. As it moves higher, a possible bullish crossover above the prior high of $405.88 signals a buy trade.

In addition, the NASDAQ stock is rising on the daily stochastic, indicating that the share momentum will probably continue to rise.

Given this, as it moves higher in its long-term view, the bulls’ next jump may reach an upper resistance level of $415.00 in the coming days.

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

The NASDAQ stock price is increasing towards the resistance levels as a result of renewed investors’ interest in the asset in the medium-term perspective.
The price bars are below the moving average line, trending toward the resistance level, indicating a bearish trend.

However, the last action by the bears to a $231.23 low level in the past session has dropped the share price below the supply levels in its recent correction.

However, there is about to be a turnaround for the stock buy traders as it surges towards the resistance zone.

The bull’s action towards the resistance level at $266.56 earlier today indicates that bullish sentiment is about to return to the market, extending the coin price to retest the $388.27 previous high.

Bullish action is about to return to the market, extending the stock price to retest the previous high of $389.56, as evidenced by the bull’s action towards the resistance level at $266.56 earlier today.

In a similar vein, additional surges are in store as the NASDAQ:COIN price indicates an uptrend on the daily indicator, pointing upward, suggesting that selling pressure is unlikely.

Given this, the bulls may move higher in the coming days to hit the $405.88 high value in their medium-term perspective.

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