COIN (NASDAQ:COIN) Price Might Increase

$COIN (NASDAQ: COIN) Forecast: April 28

The Coinbase Global (NASDAQ: COIN) market value might increase as the stock buyers continue to dictate the share market. The stock price could still go higher if the bulls can further break up the $300.35 level, then the shift in trend may lead the share price to target the $349.75 upper resistance level, indicating strong investors’ confidence and higher demand for the stock market.

Key Levels:
Resistance Levels: $288.00, $289.00, $290.00
Support Levels: $178.00, $177.00, $176.00

COIN Long-term Trend: Bullish (Daily Chart)

On a higher time frame, the NASDAQ stock price surges, following a broader market recovery, with a significant increase in trading volume in the past few days, and displays a bullish rally in its long-term outlook.
The chart shows that the share price trades above the resistance level and faces the upper channel, resulting in another opportunity to buy the stock and a turnaround for shareholders.

The last action by the bulls to a $204.21 supply level has enabled the stock price to maintain a stable upside in its recent high.

The market price of $COIN increases significantly to a $211.62 high level above the moving average signaling a potential buy signal or opportunity for the shareholders.

The NASDAQ: COIN price has shown a steady ascending trend recently, following a broader market recovery.

Therefore, if the bulls add more pressure to their buying motives, the share price might increase and swing above the $300.35 previous barrier, indicating high conviction from buyers.

Further, a continuation of the upsides is likely if the bulls add more energy to their buying motives.

In light of this, the NASDAQ stock price might increase to touch the $349.75 upper resistance trend line in the days ahead, resulting in a potential buy signal in its long-term view.

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

The NASDAQ: COIN market price denotes a bullish posture in its medium-term view. The stock price is above the EMA-50, indicating an upward momentum and the high impact of buyers in the market.
The sustained bullish pressure in the past few hours at the $204.22 supply value has enabled the share price to remain above the resistance trend levels in its recent low.

Meanwhile, the current price of $COIN at a $206.30 low value above the EMA-50 has not stalled the condition of the stock market as it remains in an uptrend. Thus, traders who buy the share at this level will also make gains in the future.

However, the selling pressure on NASDAQ stock may be subsiding, potentially leading to a reversal at the $206.30 support level if buyers step in.

Thus, the $302.40 previous high level might be touched, exposing the share price to a $349.75 upper resistance level in the coming days, suggesting continued buying pressure in its medium-term forecast.

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