Coinbase Global's stock price (COIN) advanced in its latest intraday trading, supported by a bounce from a short-term ascending trendline that provided positive momentum. This upward move coincided with the Relative Strength Index reaching deeply oversold levels, suggesting a potential bullish divergence, especially as early positive signals begin to appear. The stock is also attempting to overcome negative pressure from the 50-day simple moving average.

Therefore, we expect the stock price to rise in upcoming sessions, provided support at $293.30 holds, targeting the resistance level of $365.75.

Todays price forecast: Bullish.