COIN (NASDAQ:COIN) Price Remains in an Uptrend

$COIN (NASDQ: COIN) Forecast: June 11

The $COIN price remains in an uptrend despite pressure from the bears as bulls push to reclaim the $258.25 daily resistance and hold a recovery opportunity with a bullish reversal pattern. The stock price is facing the upper resistance level and may continue the bullish trend, provided buyers don’t give up and increase their momentum. Thus, if the coin closes above a $306.00 high mark, the accelerated buying pressure may increase the coin price to revisit the $349.75 upper resistance level, encouraging buyers to invest, as possible future gains are certain.

Key Levels:
Resistance Levels: $302.00, $303.00, $304.00
Support Levels: $165.00, $164.00, $163.00

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

Despite the inflows from the sell traders, upward pressure still dominates the higher time frame. The upward trend will likely continue, but either way, the pair looks quite bullish here.
Due to mutual growth in market expansion, the $COIN price shows a promising sign of recovery pressure above the crucial level, implying a significant uptrend in its higher time frame.

The share market’s resistance value at $251.27 in the last session has sustained the upward strength in its recent high.

As of the time of writing, NASDAQ: STOCK buyers rallied higher today, reaching a resistance level of $258.25 above the EMA-50, suggesting an uptrend and demonstrating the bullish influence on the stock market.

Thus, since buyers are currently gathered around the market, there may be additional upsides.

Therefore, a bullish breakout from the current resistance could trigger the recovery pattern and drive the prices of $COIN higher to hit the $306.00 supply value.

Additionally, under the influence of this market level, the NASDAQ stock price could rise steadily and break the previous high at $306.00 level to reach the $349.75 upper resistance level as we watch the stock market remain in an uptrend in the long-term perspective.

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

On the medium-term chart, prices are above the moving averages and have confirmed a bullish momentum breaking the previous high. The $COIN is in an uptrend as can be seen from the chart below.
The sustained bullish pressure at a $256.63 level in the previous action has led to the share’s recent high.

The current price of NASDAQ: COIN at $258.05 high level above the EMA-50 indicates the returns of buying traders and improved bullish sentiment. The market is reacting to this pattern, and its breakout should provide a good entry opportunity.

Hence, the investors buying at this supply can expect sustained growth above the $277.00 price level, reflecting growing confidence among investors in an uptrend market.

In this instance, the price of $COIN may rise to the $349.75 supply mark sooner in the medium term, as the price signal is currently pointing upward, signaling a bullish trend.

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