COIN (NASDAQ:COIN) Price Might Surge to Surpass the $300.35 Supply Level

$COIN (NASDAQ: COIN) Forecast: May 19

The Coinbase Global (NASDAQ: COIN) value might surge to surpass the $300.35 supply level as it recovers with the entire crypto market gaining about 3.8% in the past 24 hours. The coin gave a bullish breakout from the $270.45 level, suggesting the buyers are making a recovery attempt. Thus, if the crypto’s price sustains above the $300.35 high level, the potential rally could surge to hit the $349.75 upper resistance level and beyond, indicating that the bulls are gaining strength.

Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $165.00, $164.00, $163.00

COIN Long-term Trend: Bullish (Daily Chart)

The $COIN market rebounded after a slight drop. The stock price might surge to surpass its prior high at the $300.35 resistance level as it journeys to the north in its long-term outlook.

The market shows that the price may be trading in a new ascending channel.

At the press time, the NASDAQ stock price has moved higher to a $270.45 high level above the EMA-50 as a pullback from the long investors as the daily chart resumes today, indicating a potential for further gains.

Meanwhile, if the bulls could prove stronger and add more tension to their buying pressure, the share price might surpass the $300.35 barrier level, bolstering the bullish momentum for a higher recovery.

Additionally, the momentum indicator highlights that the price of NASDAQ: COIN is in an uptrend and might surge to reach the $349.75 upper resistance level, encouraging buyers to invest, as possible future gains are certain.

COIN Short-term Trend: Bullish (1H Chart)

The market price of $COIN is currently trading in the bullish zone and might surge to the $300.35 mark due to the high impact of the bulls in the market. The share price is above the supply levels, indicating a bullish trend.
The previous action by the bulls to a $244.64 high has sustained the stock price above the supply trend lines in its recent high.

Today, the NASDAQ: COIN buyers’ corrective rally at a $270.45 high level above the moving averages shortly after the 1-hour session opens today might surge to surpass the $300.35 previous high, amid an ascending bullish pattern.

Hence, a bullish breakout above the $300.35 resistance pattern could accelerate the price and head towards the upper resistance levels.

Further, the NASDAQ stock price is up on the price indicator. As a result, the bullish race might surge to surpass the $349.75 upper resistance level in the coming days in its short-term outlook.

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