COIN (NASDAQ:COIN) Price Set for an Upswing at $221.69 Resistance Level

$COIN (NASDAQ: COIN) Forecast: March 1

The Coinbase Global (NASDAQ: COIN) price is set for an upswing as buyers reclaimed crucial supply at the $221.69 level to resume its upward trends. The stock market is preparing for the next bull cycle, and a swift increase might follow soon. Therefore, a bullish crossover above the $349.75 high mark will encourage the buy investors to trade for a longer correction to reach a high at the $360.00 upper supply trend line, providing substantial returns to the shareholders.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $175.00, $174.00, $173.00

COIN Long-term Trend: Bearish (Daily Chart)

In the long term, the $COIN market displays a negative trend. The stock price is set for an upswing as buyers reclaim another supply to begin its bullish rally.
The share price is below the supply levels, suggesting a bearish momentum. However, the current trend will soon go off, as the stock market has just resumed its uphill trend but is yet to reach its goal.

The stock price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days
 indicating that buyers are defending at this level and attempting to push the share price higher.

Hence, a strong push above the $349.75 supply level will offer strong resistance to the stock price, as potential future gains are guaranteed.

Additionally, a bullish impact by the buy investors toward the higher side is likely, as indicated by the daily stochastic pointing in an upward direction.

The NASDAQ: COIN buyers could aim at the psychological level of $360.00 resistance value in the days ahead as the share price set to reclaim new supply levels in its long-term perspective.

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

The $COIN market is in a bearish market in the medium-term outlook due to the high influence of the sell traders.
The stock price reclaimed another crucial supply as the bullish pattern began below the moving average, suggesting a bearish trend.

The price drop to the $210.59 low value in the previous action has made the share price trade below the supply levels in its recent correction.

The NASDAQ stock market price is finding its way to the resistance level as buyers reclaimed crucial supply at $221.69 below the EMA-50, suggesting stock buyers are making a recovery attempt.

Currently, the share market is trading near a critical supply level and might surge to hit the $349.75 prior resistance level, providing the foundation for an upward trajectory.

Next, the NASDAQ: COIN market remains upward at the oversold region of the daily stochastic.

Therefore, if additional selling power is prevented, a post-retest rally may drive the share prices high to hit the $360.00 upper resistance value in the coming days in its medium-term forecast.

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