COIN Targets New All-Time High by March as Bullish Momentum Builds 

• $COIN has gained momentum after bouncing from key support at $270 and is now trading at $302.  
• Strong technical indicators like RSI and MACD suggest a bullish trend with potential for a breakout.  
• The next resistance level at $420 is key for $COIN’s path toward achieving a new all-time high soon.  

$COIN has demonstrated a textbook rebound, aligning perfectly with expectations as detailed by Charting Guy, a prominent analyst in the trading community. His recent analysis reaffirmed his bullish outlook, stating that $COIN is “still on track” for a new all-time high by March. This optimism is backed by technical indicators and broader market sentiment, which favor a sustained upward trend.  

The daily chart reveals a sharp, disciplined recovery from a critical support zone near $270. $ COIN is now trading at $302.00, a 2.21% increase from the previous close. This rally aligns with the upward trajectory highlighted earlier in January, when a breakout from consolidation at $260 signaled renewed bullish momentum. 

The vertical purple lines on the chart represent inflection points, suggesting February’s mid-cycle continuation will be pivotal in reaching the $420 mark, a key resistance area highlighted by traders in the thread.

Momentum Supported by Technical Indicators

From a technical perspective, the Relative Strength Index (RSI) showcases a strong recovery above the neutral 50-level, currently trending toward overbought territory. This signals increasing buyer dominance and aligns with the expectation of a sustained bullish push. 

The Moving Average Convergence Divergence (MACD) oscillator below the price chart diverges positively, with the signal line crossing into bullish territory. 

The histogram’s upward trajectory further supports the likelihood of continued momentum, mirroring historical setups that preceded sharp rallies. Additionally, the Stochastic Oscillator is positioned firmly above the 80-level, reinforcing the overbought conditions. While this may warrant some caution, historical trends indicate that $COIN often sustains momentum in overbought zones during bullish runs.

Contrarian Sentiment and Analyst Confidence

Charting Guy emphasized the psychological impact of prevailing bearish sentiment, noting that “many are not expecting this.” This contrarian perspective often fuels substantial rallies, as broader skepticism leads to delayed participation from sidelined investors. His confidence in $COIN’s trajectory stems from technical setups and its correlation to broader market cycles, which have historically driven upward moves.

Looking forward, $COIN’s projected path toward its ATH by March relies heavily on maintaining its momentum. The $420 mark is identified as the next resistance, and breaking through this zone could catalyze a parabolic rise. If $COIN achieves this milestone, it would mark an impressive continuation of its recovery trend from early 2024 lows near $108.50. 

With precise technical setups, an upward trajectory, and a touch of humor from Charting Guy’s comparison to Bitcoin (“but better”), $COIN seems poised for a remarkable run. Traders and investors should keep a close watch on key levels and sentiment shifts to capitalize on this market opportunity. As always, remember: in markets, surprises are the norm, not the exception.