COIN (NASDAQ:COIN) Price Targets the $349.75 High Mark, Amidst Soaring Network

$COIN (NASDQ: COIN) Forecast: June 23

Amidst soaring network activity today, the $COIN price targets the $349.75 high mark due to increasing demand for the asset. The stock market is gaining traction above the resistance levels, with an intraday daily volume of $310.75, raising confidence and interest among shareholders. The market is at a potential buy opportunity and will continue its bullish run if the bulls don’t relent in their buying efforts. The price action could still rise if the bulls can surpass the current level of $310.75; then, the shift in price may lead the stock price to target the $349.75 upper resistance level, indicating strong investor confidence and higher demand for the stock.

Key Levels:
Resistance Levels: $308.00, $309.00, $310.00
Support Levels: $179.00, $178.00, $177.00

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

The NASDAQ: COIN price targets the $349.75 supply as it surges, following a broader market recovery, with a significant increase in trading volume over the past few days, and displays a high momentum bullish rally in its long-term outlook.
The chart shows that the stock now trades above the resistance level and faces the upper resistance channel, indicating another buying opportunity and a turnaround for long investors.

The previous action by the bulls to a $ 299.32 high mark has made it easier for the share to maintain a stable upside in recent times.

The $COIN price targets the upper channel amidst a soaring network as it rises to a $310.75 high level above the EMA-50 on the daily chart, providing buyers with a solid entry point.

The share price has shown a steady ascending trend recently, following a broader market recovery. Therefore, if the bulls add more pressure to their buying motives, the stock price might swing above the $334.86 previous barrier, indicating high conviction from buyers.

Additionally, continuation to the upside is likely as the price indicator projects an upward move, implying that the bullish trend may continue and the $349.75 upper resistance level might be the target amidst the soaring network activity on its higher time frame.

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

From a medium-term perspective, the NASDAQ stock market is trending. Unquestionably, the price is trading above the moving averages, suggesting a bullish momentum.
The stock price was able to hold above the supply levels in its recent high due to the sustained bullish pressure at the $299.32 high value during the last session.

The market price of $COIN surging to $308.74 suggests an improved bullish market sentiment, targeting the key psychological level at the upper channel.

Thus, a successful breach of this barrier could signal a bullish trend potentially driving the share price towards a crucial $334.72 resistance level, offering a good entry opportunity for coin buyers.

Notably, the technical indicator supports a potentially bullish market ahead as it remains in an upward direction. In light of this, buyers might be in control of the NASDAQ: COIN and the price target may be the $349.75 upper resistance level in its medium-term view.

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