COIN (NASDAQ:COIN) Price Might Pump Ahead

$COIN (NASDAQ: COIN) Forecast: October 15

The Coinbase Global (NASDAQ: COIN) market is up today. The stock might pump ahead, following a market-wide correction. The share is witnessing a renewed recovery sentiment among investors. Thus, a sharp breakout and closure above the current correction phase at the $358.84 high value will invalidate any bearish thesis, and the price might reach the targeted upper high level of $405.88 and beyond, leading to significant gains for shareholders.

Key Levels:
Resistance Levels: $390.00, $391.00, $392.00
Support Levels: $198.00, $197.00, $196.00

COIN Long-term Trend: Bullish (Daily Chart)

The NASDAQ stock price remains bullish and might rise as the share resumes another bull cycle on the higher time frames. The price is above the resistance, suggesting an uptrend.
It has been simpler for the share to stay in an uptrend at its new high due to the persistent bullish pressure at the $392.16 supply level on the 9th of October.

The $COIN price responded to the shift in market structure after completing the lows of $341.84 and rebounded to $350.89 supply value above the moving averages as the daily chart opens today, amid soaring network activity.

Thus, if investors increase their interest in the asset, the share price may surge ahead to reach the $405.88 peak value, hinting at a robust upward trajectory.

Meanwhile, the NASDAQ: COIN price is approaching the oversold region, suggesting that the stock may continue to make a buy trade set-up.

In light of this, the share price may soon reach the $415.89 upper resistance trend mark in the days ahead in its long-term outlook.

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

The NASDAQ: COIN price depicts a bullish market, trending above the supply levels and might pump ahead as the bulls remain determined to take the stock market higher on its medium-term chart.
The stock price has recently ignited a potential surge above the resistance level, indicating a bullish momentum.

The prior action by the bulls, which culminated in a high of $350.20, has enabled the share to maintain and sustain a steady upward trajectory in recent times.

Today, the $COIN price might pump ahead as the bulls swing the price to a new high at $358.54 above the moving average as the 4-hourly session opens today, gunning for the upper boundary of the range.

As anticipation builds for the upcoming stock price upgrade, momentum in $COIN price is increasing in value.

Thus, a break above $420.09 high would provide an opportunity for buyers to regain control and potentially drive the share price toward the upper range.

Notably, the NASDAQ stock market is up on the daily stochastic, implying that the bullish trend may continue.

In light of this, the bullish correction phase could extend to meet the resistance at the $415.00 upper trend line in the days ahead, reflecting growing confidence among investors in an uptrend market.

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