COIN (NASDAQ:COIN) Price Shows a Fundamental Growth

$COIN (NASDQ: COIN) Forecast: May 24

The $COIN price shows fundamental growth as it experiences an uptick in the last 24 hours, signaling a recovery in the market. The ongoing recovery is advancing towards the overhead region, suggesting a possible bullish continuation. The stock market eyes new highs as it experiences a remarkable surge. Therefore, if the shareholders could strengthen their grip over the asset for a continued bullish correction and sustain the price above the $306.00 high point, the share price may trigger up to the overhead resistance level at the $349.75 level, thus a clear buy signal.

Key Levels:
Resistance Levels: $300.00, $302.00, $303.00
Support Levels: $178.00, $177.00, $176.00

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

Despite the interruptions from the short traders, the NASDAQ: COIN market shows fundamental growth and maintains a bullish trend in its long-term outlook. The price bars can be seen above the EMA-50. The bulls could not stop investing in the stock, so the general sentiment regarding the coin is bullish.
The bulls’ pressure on the share at the $267.60 resistance level on May 19th has enabled it to retain its upward growth from its recent high.

As anticipation builds for the upcoming $COIN upgrade, the momentum in the stock’s value is visibly increasing.

Today, the NASDAQ stock price shows fundamental growth as it rallied to a $271.14 high level above the EMA-50 as the daily chart opens, suggesting an uptrend and an indication that the buy traders are really responding to the price actions in the market.

Therefore, if the bulls should increase their tension in the market, the share price will move above the key levels and accelerate to hit the $306.00 resistance level, reclaiming more confirmation for a bullish recovery.

Hence, the market is pointing upwards on the daily stochastic, suggesting the emergence of more buyers to move the price of $COIN to a significant level.

As a result, this might hit the $349.75 supply trend mark, thus registering a buy signal for stock traders as the market continues to show fundamental growth and remains strongly bullish in its higher time frame.

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

The NASDAQ: COIN price shows fundamental growth, witnessing resurgence and showing promising signs of recovery as the price remains pressured above the crucial level, indicating a significant upward due to the high inflows from buy traders.
The sustained bullish pressure to the $268.89 high level in the last session has led to the share’s recent high.

Today, the bulls made an aggressive move to the $271.13 resistance level above the EMA-50 shortly after the 4-hourly chart opens today, suggesting a rising market. This breakup may accelerate the bullish momentum and extend the ongoing correction to a higher level.

In addition, the daily stochastic indicates an uptrend; if the bulls can add more aggression to their activities in the market, the $349.75 upper resistance level might be reached soon in its medium-term perspective.

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