COIN (NASDAQ:COIN) Price Will Jump Soon

$COIN (NASDAQ: COIN) Forecast: March 22

Today, the Coinbase Global (NASDAQ: COIN) market is about making the noise as the stock market may experience a jump from its current price at $193.93 daily bullish candle after long hours of low-dips. The share just sent a signal that the bulls are still strong. Amid the new correction, the share price gave a bullish breakout from the $193.78, indicating more jumps ahead. Meanwhile, the stock might continue its bullish run, and the stock price could still go higher if the price breaks up the $349.75 barrier. Then, a good upside momentum to the $350.00 upper supply level might be reached, and a potential buy signal.

Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $178.00, $177.00, $176.00

COIN Long-term Trend: Bearish (Daily Chart)

The NASDAQ: COIN market structure indicates the price will jump soon as it begins a fast recovery below the supply levels with a bearish sentiment in its long-term outlook.

The stock price is trading below the EMA-50, suggesting a bearish trend. However, the current trend will soon be nullified as the market resumes its new bullish pattern.

The share market price has been below the supply trend levels since its most recent low due to the persistent bearish pressure over the last few days.

However, this will soon be invalidated as the trend has just resumed its rising pattern but has not yet reached its goal.

The $COIN is recovering from the recent correction as fresh buying emerges near the supply level at $193.93 as the daily chart opens today, following the upward race.

Currently, the NASDAQ stock price is trading at the $193.93 supply mark below the moving averages, showing a 1.29% gain for the day. The share price may break out of a long-term trend line with an intense buying force.

The sudden jump in the stock price suggests a potential challenge to the resistance trend line. A possible bullish crossover above the previous high of $349.75 on the moving signal line projects a buy signal.

In addition, the market price of NASDAQ: COIN is pointing up in the oversold region, implying that the momentum in the stock price will jump soon.

As a result, the next jump by the bulls might drive the share price to reach a $350.00 upper resistance level in the days ahead in its higher time frame.

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

The NASDAQ stock market on the medium-term outlook looks bearish but it is starting to turn bullish from the chart below.
The stock price is trading at the resistance close to the EMA-50. So it seems likely that the bulls are about to take over and push us higher.

Despite the interactions from the short traders, stock buyers caused a rise in the price of NASDAQ: COIN to a $190.47 high level below the EMA-50 shortly after the commencement of the 4-hourly chart opens today.

Hence, if the bulls can put extra effort into the price action, the stock value could jump and break above the $349.75 supply mark, triggering a flurry of interest among the shareholders.

Similarly, more jumps are ahead as the $COIN price suggests an uptrend on the daily signals pointing upwards, indicating that the selling pressure is not likely to continue.

In light of this, the bulls may touch the $350.00 high value in the days ahead in its medium-term outlook.

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