COIN (NASDAQ:COIN) Sitting at $193.24 High Mark, Aiming to Rally
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COIN (NASDAQ:COIN) Sitting at $193.24 High Mark, Aiming to Rally

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Azeez Mustapha

Updated:

$COIN (NASDAQ: COIN) Forecast: March 19

The Coinbase Global (NASDAQ: COIN) price is sitting at a $193.24 high level, aiming to rally, and a swift increase might follow soon. The stock market is attempting the next big bounce as the selling pressure has been exhausted. Therefore, if the bulls can push higher, a bullish crossover above the $349.75 prior peak mark will encourage the buy investors for a prolonged correction, and this might reach a high at the $355.00 upper supply trend line, triggering a flurry of interest among the shareholders.

Key Levels:
Resistance Levels: $300.00, $301.00, $302.00
Support Levels: $162.00, $161.00, $160.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN market price aims to rally and could see a big bounce as it begins the new correction to the resistance levels in the long-term perspective. The stock price is slightly below the moving average line, confirming its bearishness.
COIN (NASDAQ:COIN) Sitting at $193.24 High Mark, Aiming to Rally The interference of short-term traders to a $179.16 low mark in the previous action has contributed to its bearish momentum in its recent correction.

Today, a breakout and the beginning of an upward continuation have been observed. The NASDAQ stock price pulled back at the $182.00 value and increased to the $193.24 supply value below the EMA-50 as a correction phase with intraday gains.

Such lower price rejection indicates defending this level and attempting to accelerate the share price. Hence, a strong push above the $349.75 supply level will offer strong resistance to the stock market price.

In addition, the NASDAQ: COIN price may rally as it remains in an uptrend on the daily projector. As a result, the share price could see a significant bounce to a $355.00 upper resistance level in the days ahead in its long-term perspective.

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

On the medium-term chart, the NASDAQ stock market price at the $193.20 high mark is aiming to rally. The share price rebounded after its downside moved to the resistance level.
COIN (NASDAQ:COIN) Sitting at 3.24 High Mark, Aiming to Rally Further, the stock price is below the EMA line, suggesting a bearish market. Hence, the stock market could see a significant bounce soon as a new correction has just begun at the support level.

The sustained bearish pressure to a $179.18 support level in the last session has made the share price remain below the supply trend levels in its recent price.

The $COIN buyers made a touch at the $193.20 high mark below the EMA-50 as the 4-hourly chart resumes today, proving the impact of bullishness on the share market.

The stock market sitting at $193.20 is currently witnessing a post-rally pullback, aiming to surge higher. If the bullish correction breaks above the EMA-50, buyers could strengthen their grip on the stock price to hit the $349.75 supply level, as it aims to rally higher.

In addition, the momentum indicator shows that the price of $COIN will bounce up. In light of this, the price distribution might rally to the $355.00 supply level and beyond in the coming days in its medium-term-term outlook.

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