COIN (NASDAQ:COIN) Price to Resume Its Bullish Wave

$COIN (NASDAQ: COIN) Forecast: November 24

The Coinbase Global (NASDAQ: COIN) market may resume its bullish waves and enter a full-blown bull run after updating the lows as usual. The share is poised to rally higher as it is already oversold. Assuming all support levels hold and resistance breaks out of the $390.49 level, we may witness a further shift in the price to the $405.88 high value, extending further to a $415.96 upper resistance level, indicating increasing purchasing activity.

Key Levels:
Resistance Levels: $304.00, $305.00, $306.00
Support Levels:     $178.00, $177.00, $176.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN market long-term outlook is bearish. Furthermore, the price is trading below the EMA, indicating that the market is currently in a bearish area and the high impact of the bears on the asset.
The interference of short-term traders at the $236.00 low level in the previous action has contributed to its bearish momentum in its recent drop.

Actions from the bears further dropped the NASDAQ: COIN price to the $231.17 support level beneath the EMA-50 as the daily chart resumes today.

Thus, if the bulls increase market tension, the price inclination will rise above the critical levels.

Hence, if the bulls reactivate their buying forces, the bullish momentum may be triggered, and the stock price may increase to the previous high value of $405.88, indicating high conviction from buyers.

Additionally, the NASDAQ stock market is currently trading below the 10% area of the daily stochastic, indicating that selling pressure is unlikely and the price may reverse from the mentioned support to the upside.

In light of this, buy traders may drive the share price to reach the upper resistance level of $415.96 in the upcoming days, providing a buy signal for shareholders.

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

The $COIN is trading in a bearish trend market in its medium-term outlook. The price bar sits below the moving average line, aiming to rally higher, confirming its bearishness.
The interference of short-term traders at the $237.77 low level in the previous action has contributed to its bearish momentum in its recent correction.

Thus, the NASDAQ: COIN is correcting and will resume its uphill trend soon.

Meanwhile, the share price appears to surge as the bulls improve their buying orientation, rebound, and increase to a $245.03 resistance level below the EMA to resume the bullish trend today on the 4-hourly chart.

Thus, traders who buy the stock during the bearish market will also make gains in the future.

Thus, if the share price can sustain above the $388.27 high level, the potential rally could surge to hit a significant level at the upper channel, suggesting a high momentum rally for share investors.

Additionally, the daily stochastic suggests an uptrend by pointing upward at the oversold region.

Therefore, if the support level holds, there is a probability that the NASDAQ stock price will increase further, reaching the upper resistance level of $405.88 in the near future.

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