COIN (NASDAQ:COIN) Resumes Bullish Waves

$COIN (NASDQ: COIN) Forecast: June 16

The $COIN has begun its bullish waves following the Iran-Israel conflict. The stock price is going upward and this may continue to attract more investors. The share market has recently experienced a price surge. It might swing and break up to its expected target at $349.75, strengthening investors’ confidence in the asset and driving expectations for future gains amid market volatility.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $165.00, $164.00, $163.00

COIN Long-term Trend: Bullish (Daily Chart)

The long-term market value of $COIN shows that the bullish momentum may continue following the attack on Israel as the share market value surges.

The price bar is above the EMA-50, approaching the overhead resistance, indicating an uptrend.

Pressure from long-term traders at a $256.63 high value in the past few days also added to the bullish impact on the market.

After the bears’ pressure at $239.35 low, NASDAQ: COIN resumes its bullish momentum and rebounded to a $243.20 high mark above the EMA-50 as the daily chart opens today, indicating a potential and possible continuation of an uptrend.

Hence, if the bullish momentum persists, the $COIN price is expected to test the $306.00 peak barrier and aim for the $349.75 target.

In addition, the NASDAQ stock price suggests the continuation of bullish sentiment by pointing up the daily stochastic while the share price remains in an uptrend.

As a result, the bulls’ target might be the $349.75 high level in the days ahead on its long-term perspective.

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

The momentum on the medium-term outlook appears bearish, but it is beginning to turn bullish, as shown by the chart.
The $COIN price is currently trading at the resistance close to the EMA-50. So it appears that the bulls are about to take control and push us higher.

The order flow of short-term traders at the $239.38 low value during yesterday’s session has enabled the stock price to stay beneath the supply level in its recent correction.

Despite the interactions from the short traders, buyers caused a rise to a $243.17 high level below the EMA line after the commencement of the 4-hour chart today.

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

Furthermore, buyers need to add more pressure to their activities to move the market beyond the current price level.

With sustained buying, the price of NASDAQ stock may challenge the $277.00 supply strength and set the potential for further growth.

Meanwhile, the market is pointing up in the oversold region indicating a buy potential. As a result, long traders may emerge and push the market price of NASDAQ: COIN to a significant level of $349.75 in the days ahead on its higher time frame.

Make money without lifting your fingers: Start trading smarter today