COIN (NASDAQ:COIN) Price Offers a Good Buy at $350.75 Resistance Level

$COIN (NASDQ: COIN) Forecast: September 20

Amidst soaring network activity today, the $COIN price offers a good buy at the $350.75 resistance point, as it breaks out and surges 7% in the last 24 hours, suggesting strong convictions among buyers’ interest amidst market correction. Meanwhile, the share price may surge higher if the bulls can push further and the stock price maintains above the $398.50 prior peak supply trend line. As a result, the price may trigger up to the overhead resistance mark at the $415.96 level, thus a clear buy signal and a great opportunity for long traders, boosting investor trust and raising hopes for gains.

Key Levels:
Resistance Levels: $389.00, $390.00, $391.00
Support Levels:     $147.00, $146.00, $145.00

$COIN Long-term Trend: Bullish (Daily Chart)

The NASDAQ:COIN market presents a promising long-term investment opportunity due to sustained bullish momentum.
With substantial trading volumes supporting this trend, the share price remains above key moving averages.

This market structure favors bullish investors, highlighting a positive long-term outlook.

The stock price hit and held the $328.44 resistance level during the previous session, allowing the stock price to continue its upward trajectory and present a solid investment opportunity at its most recent peak.

The bulls’ dominance in the $COIN market is confirmed by the daily bullish candle at the $350.75 supply mark above the EMA-50 today, which provides a strong buy signal.

However, a potential breakout from the current trend line above the $405.88 all-time high barrier will bolster the long investors to drive the price to the upper resistance zone.

Additionally, the NASDAQ stock price is a strong investment and shows rising momentum based on the daily signal.

As a result, the stock market value may continue to rise, and in this case, the $415.96 upper resistance trend point may be the target, indicating further gains for long-term shareholders.

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

Due to the large inflow from long traders, the NASDAQ: COIN market remains pressured above the resistance levels in its medium-term view, making it a good purchase as well.
The share price has been able to offer a good buy and remain stable above the resistance lines in its recent high due to the bulls’ increased momentum at the $328.44 supply value in the past few hours.

As the 4-hourly chart starts today, the market price of $COIN presents a good buy at the $350.75 supply mark above the EMA-50, confirming the existence of additional buyers in the market and recommending a buy trade for stock investors.

Hence, an upside breakout above the $436.30 previous barrier mark with a 4-hourly candle closing will offer buyers a solid foothold to push the share price higher.

Interestingly, the NASDAQ stock price is trending upward on the daily stochastic at an 83% range, suggesting that bulls may remain dominant in the market’s course and indicate a smart purchase.

Given this, the post-correction rebound may push the share price to its first objective of the upper high level of $415.96. As a result, purchasers can adopt a particular stance.

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