COIN (NASDAQ:COIN) Will Grow Soon

$COIN (NASDAQ: COIN) Forecast: March 31

The Coinbase Global (NASDAQ: COIN) market will grow soon as the selling pressure is exhausted and the stock price could be ready for an upward movement. Therefore, should the bulls add more pressure to the buying momentum on the share market, the share price may reverse from the $172.99 daily bullish candle and surge to reach the $349.75 peak barrier level and extend to a $350.00 upper resistance level, indicating a high potential for the shareholders.

Key Levels:
Resistance Levels: $298.00, $299.00, $300.00
Support Levels: $175.00, $174.00, $173.00

COIN Long-term Trend: Bearish (Daily Chart)

The NASDAQ: COIN market is forming lower lows and lower highs on its long-term chart. Meanwhile, the stock market will grow soon as it is about to complete the downward movement and is on the verge of a bullish correction phase.
Further, the share price is below the EMA-50, suggesting a bearish trend.
The sustained bearish pressure in the last session has made the stock price remain below the supply trend levels in its recent low.

The $COIN price dropped even further today, reaching a low of $172.99 below the supply levels due to the sell traders’ actions.

In the meanwhile, buyers could take advantage of this chance to purchase the share at a discount to make a bigger profit later on.

However, if a renewed surge in buyers’ interest occurs, the NASDAQ stock price may undergo an upside reversal at the $172.99 low level to retest the prior high of $349.75 level, providing shareholders with great recovery potential.

In conclusion, the $COIN is on the verge of an upside reversal and will grow soon as the market has fallen to the oversold region of the daily stochastic, implying that the selling pressure is likely to end soon and will compel buyers to resume sooner.

Hence, the next bullish corrective pattern may extend to the $350.00 high mark in its long-term perspective.

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

On the medium-term chart, the $COIN price is showing a downward movement and will grow soon as the selling pressure is about to end. The stock price remains below the moving average line, indicating a bearish trend.
The sustained bearish pressure in the past few hours has dropped the share price below the supply trend levels in its recent low.

The stock market price drops to a $173.00 low mark below the EMA-50 as the 4-hourly session opens today due to low bullish momentum.

Meanwhile, traders who buy the stock during a bearish market will also make gains in the future.

Thus, if the bulls could wrestle control from the sell traders, the NASDAQ stock price may reverse from the $173.00 support level and touch the $349.75 high mark, indicating a significant upward trend.

Additionally, the NASDAQ: COIN market is at the oversold region of the daily indicator, suggesting that the selling pressure is uncertain and the price will grow soon.

The emergence of buyers in the oversold region is crucial and this may drive the share price to a $350.00 upper resistance level in the days ahead in its medium-term time frame.

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