COIN (NASDAQ:COIN) Price May Surpass the $349.75 High Mark

$COIN (NASDAQ: COIN) Forecast: March 26

The Coinbase Global (NASDAQ: COIN) price may increase and surpass the $349.75 high mark, provided buyers add more aggression to their buying pressure and don’t give up. Despite the observed downward trend, increased whale activity and significant stock acquisitions poised the share market for a potential rally. After testing the support level, a usual response would be a bullish reversal; therefore, if the stock price could sustain above the pattern supply trend line, the price may trigger up to the overhead resistance mark at the $355.00 level, signaling an uptick in investors’ interest.

Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $158.00, $157.00, $156.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN market price aims to surpass the previous high level and could see a big bounce as it begins the new correction to the resistance levels in the long-term perspective.
The stock price is bearish and remains green below the moving average due to the high order flow of the sell traders.

The bears’ previous action at a $178.78 low on March 18th has added to its bearishness in its recent price level.

However, the bulls might drive the share price higher as a new correction has begun below the trend levels.

The price of NASDAQ: COIN pair at the $203.25 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 and surpass 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 upward.

As a result, the $COIN price to surpass the $349.75 previous barrier to reach a significant level of the $355.00 supply trend line as the bulls continue with their bullish correction and remain progressive in its long-term forecast.

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

On the medium-term chart, the NASDAQ stock market price at the $203.18 high mark aims to surpass the previous peak value as the journey up north continues.
The share price is trending below the supply level, suggesting a bearish trend. Hence, the stock market could see a significant bounce soon as a new correction has just begun at the support level.

The sustained bearish pressure to a $179.20 support level in the last session has made the share price remain below the supply trend levels in its recent correction.

Today, the $COIN price retracement to a $203.18 supply level below the moving average will surge as it increases toward the resistance levels, indicating the potential for further rise.

Meanwhile, the current price shows a power struggle at the support trend line, resisting the start of another bear cycle.

Thus, should the bulls change their orientation and the buying pressure persists, the share price will give a bullish breakout of the bearish pattern to retest and surpass the $349.75 high mark, leading the NASDAQ: COIN price to the $355.00 upper resistance level in the coming days in its medium-term perspective.

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