COIN (NASDAQ:COIN) Price to Grow More
Estimated Reading Time: 3 minutes
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
COIN (NASDQ: COIN) Forecast: January 20
The $COIN price can grow more and see significant gains if investors and analysts continue to show keen interest in the stock market. The stock price is facing the upper resistance level and may likely continue with the high bullish trend, provided buyers don’t give up and increase their momentum pressure in the market. The coin might turn upsides further to a $380.00 high level and beyond, bolstering $COIN’s growth in the stock market amid renewed buying momentum.
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)
Due to mutual growth in market expansion, the $COIN price will grow more as the market shows a promising sign of recovery and remains pressured above the crucial level, implying a significant upward trend in its higher time frame.
The sustained order flow by the bulls to the $285.02 supply value in the last session has enabled the stock price to grow and retain its bullish strength in its recent high.
At the time of writing today, the bull race skyrocketed the price of NASDAQ: COIN from $292.00 to a $298.50 high above the moving averages, indicating that the stock price will grow more as the journey proceeds higher on the daily chart. However, buying the shares during this period could prove profitable.
Notably, this sharp dive in the $COIN price accentuates that the excess buying pressure has stabilized, and the price will grow more if the market sentiment doesn’t witness any unfavorable situation.
With this new phase, the NASDAQ: COIN stock market may grow more and see more gains to reach a $380.00 upper high level soon, reshaping the stock market dynamics significantly in its higher time frame.
COIN Medium-term Trend: Bullish (4H Chart)
The NASDAQ: COIN price continues to grow more and gain attention despite the interference from the sell traders on the medium-term outlook. The market price can be seen above the moving averages, implying that buyers are currently gaining more strength in the stock investment.
The share have had a series of higher highs and higher lows in the past few hours, which have sustained the bullish impact on the stock market.
However, the current market price of NASDAQ: COIN will grow more as it increases to a $298.92 high level above the EMA-50 as the 4-hourly session opens today, suggesting an improved bullish market sentiment.
Thus, closing the 4-hourly session above the $349.75 barrier will increase the investors’ interest and optimism in the stock, putting the stock
trade more on the buying side.
Next, if additional selling power is prevented, a post-retest rally may drive the $COIN prices high to hit the $380.00 upper resistance soon in its medium-term time frame.
$COIN claim is now live! Stake your claimed tokens below to earn rewards!
