COIN (NASDAQ:COIN) Price Targets the $415.00 High Mark, Amidst Soaring Network

COIN (NASDQ: COIN) Forecast: October 11

The $COIN chart setup is on the positive side today. The share price targets $415.00 high mark amid soaring network activity as a result of high demand for the asset. The stock is currently at a potential buying point and, should the bulls persist in their purchases, will probably continue its upward trajectory. The stock price could surge higher if the bulls can break through the $398.50 level. The price move may cause the share to target the upper resistance level of $415.96, signaling strong investor confidence and increased demand for the stock.

Key Levels:
Resistance Levels: $391.00, $392.00, $393.00
Support Levels:     $198.00, $197.00, $196.00

COIN Long-term Trend: Bullish (Daily Chart)

Despite interruptions from short traders, the NASDAQ: COIN price 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 indicates that the share now trades above the resistance level and faces the upper resistance channel.

This is another opportunity to invest in the stock and a turnaround for long-term investors.

The previous action by the bulls at a $387.27 supply level has enabled the stock market to maintain stable upside moves in its recent high.

When writing, the $COIN market suggests that the price will rise further as the price action moves upward to a $392.16 high mark above the EMA-50 as the daily chart resumes, indicating that buyers are defending this level and attempting to push the stock price higher.

The NASDAQ stock price has shown a steady ascending trend recently, following a broader market recovery.

Therefore, if the bulls add more pressure to their buying intentions, the stock price might swing above the previous barrier of $405.88, indicating high conviction from buyers.

Due to a wider market recovery, the NASDAQ: COIN price has recently shown a consistent upward trend.

As a result, if bulls increase their purchasing intentions, the share price may rise beyond the previous barrier and extend to a $415.96 upper resistance value, signaling strong buyer conviction.

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

From a medium-term outlook, the NASDAQ: COIN price remains in an upward move.
Unquestionably, the price is trading above the moving averages. Let’s relax and observe as the bulls propel us forward.

Its upward stability at its most recent high has been maintained by pressure from the bulls at the $398.30 high value in the prior action.

After completing the previous lows at $382.00, buyers proved stronger and
pulled back the price of $COIN to a $387.34 supply value above the EMA-50 as the 4-hourly chart opens today, suggesting an improved bullish market sentiment while targeting the key psychological level at the upper channel.

Thus, a successful breach of this barrier could signal a bullish trend, potentially driving the stock price up toward a crucial $436.30 resistance level, offering a good entry opportunity for stock buyers.

Additionally, the technical indicator supports a potentially bullish market ahead as it remains in an upward direction.

As a result, the bullish rally could lead the NASDAQ stock price to target the $415.96 upper resistance level in the medium-term view.

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