COIN (NASDAQ:COIN) Upward Trend Still Dominate

$COIN (NASDQ: COIN) Forecast: September 22

Amid soaring network activity, the $COIN stock shows continued upward momentum, fueling renewed investor optimism. The stock price is considered a good buy at the $344.1 resistance level, following a 9% surge in the last 24 hours, which signals strong buyer interest during the market correction. Recently, the stock has followed a positive trend. If it closes above the $405.32 high, increased buying pressure could push it toward the $436.30 resistance level, thereby strengthening investor confidence.

Key Levels:
Resistance Levels: $397.00, $398.00, $399.00
Support Levels:    $296.00, $295.00, $294.00

$COIN Long-term Trend: Bullish (4H Chart)

The upward trend still dominates the NASDAQ:COIN long-term chart despite the inflows from sell traders. The upward trend will likely continue as prices remain above the moving average, indicating a bullish trend.
At its most recent peak, the stock price remains in an upward trend, presenting a strong investment opportunity after hitting and holding the $347.93 resistance level during the previous session.

As the 4-hourly chart resumes, the $COIN price recovered to a $344.10 resistance level above the EMA-50 after updating yesterday’s lows of $337.65,suggesting a greater bullish impact on the share as fresh traders enter the stock market.

As a result, a positive breakout from the current resistance may continue the recovery pattern and push NASDAQ stock prices higher to reach the previous supply value of $405.32, indicating that investors are becoming confident in a correcting market.

Furthermore, if the stock price continues its upward trajectory in the long run, the NASDAQ: COIN price may climb gradually under the influence of this market level and break through the previous high to hit the upper resistance level of $436.30 shortly.

$COIN Short-term Trend: Bullish (1H Chart)

On the short-term chart, $COIN prices remain in an upward trajectory, resulting in a 2.46% increase in market value.
The stock price has recently ignited a potential surge above the resistance level, indicating a bullish momentum.

The bulls’ successful breakout to the $341.82 high level in the last few days has contributed to the share price going long at its recent high.

As the 1-hourly chart opens today, the market price of NASDAQ: COIN presents a good buy at the $344.10 supply mark above the EMA-50, confirming the presence of additional buyers in the market and recommending a buy trade for stock investors.

Therefore, the share may move toward the upper channel for additional gains if it makes a strong rally from its current price above the $351.90 peak barrier level.

Additionally, the price signal is pointing upward, suggesting a positive move. In this scenario, the NASDAQ stock price suggests that the price may rise and remain in an upward trend, reaching the $430.36 upper supply mark in the lower time forecast.

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