COIN (NASDAQ:COIN) Price Might Remain in an Uptrend

$COIN (NASDAQ: COIN) Forecast: May 21

The Coinbase Global (NASDAQ: COIN) market value might remain and maintain its uptrend position due to increased action by the bulls. However, the slight drop in the share price might end soon as the stock market remains bullish. Based on the outlook, if a renewed surge in buyer interest occurs, the NASDAQ stock market price might hold at the top to surpass the $332.00 previous barrier and extend to hit the $349.75 upper resistance value, reflecting investor confidence.

Key Levels:
Resistance Levels: $320.00, $321.00, $322.00
Support Levels: $165.00, $164.00, $163.00

COIN Long-term Trend: Bullish (Daily Chart)

The $COIN market price might remain in an uptrend as it holds above the supply levels, gearing for more gains as the bulls remain dominant in its higher time frame. The stock price is above the EMA-50, depicting a nice bullish trend.
The share’s resistance value at $266.46 in the last session has sustained the upward strength in its recent high.

At the press time, the NASDAQ: COIN price remains in an uptrend at a $267.60 supply level as it holds above the EMA-50 line, suggesting a bullish trend.

Hence, to predict a bullish rise in the market above the $332 supply level, buyers must accelerate their buying efforts.

In addition, staying above the supply levels will enable the NASDAQ stock price to continue its bullish momentum, targeting a $349.75 upper resistance level and a good entry point for shareholders in its long-term perspective.

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

The NASDAQ: COIN market value might remain in an uptrend despite its slight price drop in the medium-term outlook.
The share price is poised for an upside reversal and also targets the overhead resistance as the bulls remain dominant in the medium-term outlook. Despite the bearish move, the stock price is above the supply levels, suggesting a bullish trend.

The bull’s high order flow to a $264.33 resistance level in the last session has contributed to the share’s strength in its recent high.

Today, the $COIN market is poised for an upside reversal as the bears turned the share price to a low at the $262.41 support level above the supply levels, indicating bullish momentum.

Further, investors may seize the opportunity now and buy the shares at a lower price, and look for more gains ahead.

Hence, if a renewed surge in buying interest occurs, the stock price might turn positive and remain in an uptrend to surpass the $302.40 peak barrier, potentially leading the $COIN market towards the targeted area.

Additionally, the NASDAQ stock price is above the supply level, suggesting an opportunity for the stock buyers to influence the price trend.

As a result, if buyers eventually wrestle trend control from sellers and rebound from $262.41 support, a positive breakout above the $302.40 is needed to confirm the potential Bull Run, leading the share price to the $349.75 upper high level, offering a strong resistance to the stock price and attract more investors.

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