COIN (NASDAQ:COIN) Price Rises, Retarding Negativities

$COIN (NASDAQ: COIN) Forecast: September 13

The Coinbase Global (NASDAQ: COIN) market price is flashing a bullish signal as it rises and retarding negativities; this could be the start of something bigger. The share price signal has surpassed the $319.39 supply trend line, driven by bullish momentum to kick start a parabolic rally that could push the price to a higher level. If the bulls can strengthen their possible purchases and the share price holds above the $405.88 high, the stock will likely rise even further. Hence, the potential rally could surge above the mentioned high to hit the $415.96 upper resistance value and beyond, confirming a bullish breakout and bull flag pattern.

Key Levels:
Resistance Levels: $398.00, $399.00, $400.00
Support Levels:    $172.00, $171.00, $170.00

COIN Long-term Trend: Bullish (Daily Chart)

The NASDAQ: COIN price is rising and staying in an upward trend, holding off negativity for now. If the market remains positive, buyers may continue pushing the price higher.
The stock has seen strong buying at $319.79 before, which has helped it keep moving up to its latest peak.

As the daily chart opens today, the $COIN price breaks through at a $326.00 high mark above the EMA-50, indicating that the price is increasing and delaying the negative effects, which leads to intraday gains.

According to the forecast, a bullish breakthrough confirmation will indicate better market sentiment if the bulls can quicken their buying and close above the $405.88 high.

Notably, the NASDAQ stock market is up on the daily signal, showcasing a continuous uptrend.

As a result, the bulls may drive the stock price to a reliable $415.96 upper high level, fueling renewed market enthusiasm.

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

The $COIN price is above the moving averages on the medium-term time frame and has broken the previous high of $319.40, confirming a bullish trend.
The bullish reversal at the $318.61 high value in the previous action has sustained the share market above the supply trend lines in its recent high.

When writing today, the NASDAQ: COIN price increases dramatically above the resistance trend lines at the $324.00 level as the 4-hourly chart begins, due to a bullish impact on the market price.

As it moves further north, the rebound rally is moving in the direction of the upper channel, suggesting a potential bullish breakout and continuation to retest the previous barrier of $436.30.

Additionally, the NASDAQ stock price may continue to make a buy trade set-up as suggested by the daily stochastic pointing in an upward direction.

In light of this, the share price may reach the $415.96 upper resistance trend mark soon in its long-term outlook.

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