COIN (NASDAQ:COIN) Price Targets the $370.00 High Level, Amidst Market Volatility

$COIN (NASDAQ: COIN) Forecast: February 1

The Coinbase Global (NASDAQ: COIN) market recovers today as the stock price targets the $370.00 all-time high if the price rebounds remain favorable. The stock market is now at a possible buy opportunity and will likely continue its bullish run. However, the NASDAQ stock market sentiment remains critical in shaping the price trajectory as it approaches the anticipated target. Hence, the share price might surge further if the bulls can break up the $349.75 level, then we can expect a good upside momentum up to the $370.00 supply value amidst market volatility, gaining market share.

Key Levels:
Resistance Levels: $304.00, $305.00, $306.00
Support Levels: $165.00, $164.00, $163.00

COIN Long-term Trend: Bullish (Daily Chart)

The long-term market value of $COIN targets the upper channel, gearing for more gains as the bulls remain dominant and push the share price above the supply levels, indicating a bullish move. The stock price is above the EMA-50, approaching the overhead resistance, depicting a bullish trend.
In the previous action, the NASDAQ stock market has been having high interference from buyers, making it easier for the share price to maintain a stable position at the upside in its recent high.

Just like usual, the share price is going up, as seen from the daily chart. Buyers made a strong push up to the $306.00 high value above the EMA-50, confirming a strong bullish breakout and a buy continuation pattern that targets the $349.75 previous barrier level.

Furthermore, continuation to the upsides is likely as the $COIN price indicator projects an upward move, implying that the bullish trend will most probably continue, and the pattern might hit the $370.00 resistance trend line soon, as well as a potential buy signal in its long-term view.

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

The NASDAQ: COIN market price targets the overhead resistance as it continues with the bullish rally in the medium-term outlook.
The stock price is moving towards the upper resistance above the converging trend lines, denoting a bullish trend and a rise in volatility.

The bull’s high order flow to a $294.32 resistance level in the last session has contributed to the share market’s strength in its recent high.

Today, the $COIN market is showing promising signs of recovery as the price remains pressured at a $306.00 high level above the crucial level, indicating a significant upward trajectory.

The NASDAQ stock market is gaining traction with a robust bullish trend. Thus, with sustained investor enthusiasm, the share price target could reach as high as $349.75 high level, signaling strong market optimism and potential for significant gains.

Meanwhile, buyers are seen clustered around the $COIN market as indicated by the momentum indicator pointing upwards, suggesting that buyers will still be in control of the stock price, and its potential rally could lead the share price to the $370.00 upper resistance level soon in its medium-term forecast.

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