COIN (NASDAQ:COIN) Price Might Break Up at $349.75 Level

$COIN (NASDAQ: COIN) Forecast: April 2

The Coinbase Global (NASDAQ: COIN) market price might break at $349.75 as it begins its uphill trend with a positive performance, touching a daily high of $173.58 earlier today. The pullback is due to the interest from the stockholders and a positive shift in the stock market conditions. Thus, a decisive break below $161.87 would result in further losses for the share. A daily candlestick above the mentioned supply level, on the other hand, would invalidate any bearish theory. As a result, if buyers can exert more effort in their market tension, the trend will shift upward to break up at $349.75, triggering a flurry of interest among shareholders.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $162.00, $161.00, $160.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN long-term market appears bearish, but it is beginning to turn bullish, as shown by the chart. The stock price is trading at resistance close to the EMA-50. So, the bulls are about to take control and push us higher.
The order flow by the short-term traders at the $172.99 low value in the last few days has contributed to the bearishness in its recent price level.

Despite the interactions from the short traders, the NASDAQ stock price rose to a $173.58 high level below the EMA-50 as the daily chart commences today, suggesting the beginning of the bull cycle.

With sustained buying, the share price may challenge and break up the $349.75 supply strength and set the potential for further growth.

In addition, the market is pointing up in the oversold region indicating a buy potential is nearby.

As a result, the emergence of long traders is crucial and may push the market price of NASDAQ: COIN to break the $349.75 level to reach the $350.00 significant level at the upper channel in the days ahead in its higher time frame.

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

The stock market is below the moving averages, suggesting a bearish market sentiment in its medium-term view. Thus, the $COIN is correcting and might break up the previous high level as soon as it begins its uphill trend, aiming to rally higher.
The stock support value at $173.00 in the last session has dropped the price beneath the moving average in its recent high.

At the writing time, the NASDAQ stock price rallied up to the $173.58 resistance value below the moving averages as a pullback and breached the $170.72 4-hourly barrier as the new bull cycle commences today.

Thus, the share price will advance and might break up the $349.75 peak value if the bulls can redouble their efforts and push above the current supply level.

Notably, the market price of NASDAQ: COIN is pointing up on the daily stochastic, implying that the momentum in the stock price might continue in an upward move. In light of this, the next jump by the bulls might break the $349.75 level in the days ahead in its medium-term forecast.

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