COIN (NASDAQ:COIN) Suggests an Uptrend Soon

$COIN (NASDAQ: COIN) Forecast: March 29

The Coinbase Global (NASDAQ: COIN) market structure suggests an uptrend and possible reversal as it may take a bullish turnaround soon. The selling pressure may subside, and the share price could be ready for an upbeat movement. However, should the bulls go higher and exchange hands with the short traders at the daily bearish candle of $173.50 low mark and turn the stock price positive to the $379.75 barrier line, a positive breakout confirmation reflecting the increased market sentiment will occur, offering a higher footing for buyers to
prolong this recovery to reach the $350.00 upper resistance level, obtaining a higher footing to rise higher.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $169.00, $168.00, $167.00

COIN Long-term Trend: Bearish (Daily Chart)

The $COIN market suggests a possible reversal at its current price of $173.50 support level as the selling pressure is about to subside in its higher time frame.
The stock price is below the EMA-50, indicating a negative trend and the high impact of sellers in the market.

The sustained bearish pressure to a $187.80 low in the last session has made the share market value remain below the supply trend levels at its recent low.

Actions from the short traders dropped the NASDAQ: COIN price to a low of $173.50 as the daily chart opens today. Hence, to predict a bullish rise in the share market above the $349.75 supply level, buyers must step up their efforts.

Additionally, the NASDAQ stock price has fallen to the oversold region of the daily stochastic, suggesting a possibility of an upside reversal and an uptrend at the $173.50 support level.

As a result, the stock market price could pump or surge upsides to hit the $350.00 upper resistance value in the upcoming days in its long-term forecast.

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

The $COIN price suggests an uptrend soon as it begins to rise in its medium-term outlook. The stock price is below the moving average line, indicating a bearish trend.
The intervention from the sell traders at the $173.50 low value in the previous action has made the share price drop below the supply trend line in its recent correction. Thus, the stock market value is correcting as it begins its uphill trend, aiming to rally higher.

The market value of NASDAQ: COIN suggests an uptrend as it reverses and starts to increase to the $176.24 resistance level below the moving averages shortly after the commencement of the 4-hourly chart today, indicating that positive sentiment is returning to the market

Thus, if the bulls improve their buying skills and breach the $349.75 peak barrier level, the next resistance level to watch out for would be around the $350.00 level, before a range breakout.

Additionally, the NASDAQ stock price might experience a bullish breakout if the bulls add more effort to their tension in the market, as signaled by the daily stochastic pointing up, indicating an uptrend and a bullish trend continuation.

As a result, the next target could be the $350.00 high trend mark in the coming days in its medium-term forecast.

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