COIN (NASDAQ:COIN) Price Potential for a Bullish Gallop

$COIN (NASDAQ: COIN) Forecast: October 1

The Coinbase Global (NASDAQ: COIN) market price has a potential for a bullish gallop as it recovers steadily today, targeting the overhead resistance if the price rebounds remain favorable. The stock market is now at a potential buying opportunity and is likely to continue its bullish trend. However, if buy traders can aim higher and the price show sustainability above the $405.88 resistance level, its bullish strength should extend further. Then, we can expect a shift in trend to reach a $415.96 upper resistance level, suggesting an optimistic future for the share.

Key Levels:
Resistance Levels: $333.00, $334.00, $335.00
Support Levels:    $147.00, $146.00, $145.00

COIN Long-term Trend: Bullish (Daily Chart)

The long-term market value of $COIN may break up the prior supply. It gears for more gains as the bulls remain dominant, pushing the share price towards the overhead levels.
This indicates a bullish move. The stock price is above the EMA-50, approaching the upper range, depicting a bullish trend.

The prior action by the bulls, which culminated in a high of $314.24, has enabled the share to maintain and sustain a steady upward trajectory in recent times.

As the daily session begins today, the bulls push the price of NASDAQ:COIN up to the barrier level of $334.38, above the resistance level.

If there is clear buying pressure and a break over $405.88, this would confirm a strong bullish breakout and a buy continuation pattern.

Next, the fact that the market price of NASDAQ stock is pointing upwards on the daily stochastic, drawing more buy traders to the market for a bullish continuation pattern.

If that occurs, the stock price could further climb towards a $415.96 upper high level, adding more gains for shareholders in the future on the higher time frame.

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

The NASDAQ: COIN market price remains in an uptrend as it continues with the bullish rally in the medium-term outlook.
The stock price is approaching upper resistance near converging trend lines, indicating a continued bullish trend and increased volatility.

The bull’s high order flow to a $334.10 resistance level in the last session has contributed to the share market’s strength in its recent high.

When writing, the $COIN market shows that the price will rise further as it moves upward to a $334.37 high mark above the EMA-50 as the 4-hourly chart resumes, suggesting that buyers are defending this level and attempting to push the price higher.

However, if the broader market bullish trend continues, the $436.30 could be reached and extend further to a $415.96 upper resistance level, signaling the potential for significant gains as the bull trend continues.
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