πŸ“‰ $CRCL Pulls Back After Meteoric Rise: Healthy Correction or Trend Reversal?

$Circle Internet Corp.(CRCL)$  

After a blistering 749% YTD rally and a 9.64% gain just days ago, $CRCL finally dipped today β€” the first meaningful red day since its IPO frenzy. The selloff follows over $100M in insider selling from Cathie Wood and other early backers. Could this be a sign to turn bearish?

Here's what the data tells us:

πŸ”Ή Volume Spike with Price Drop – Today's pullback came with higher-than-average volume, suggesting strong profit-taking rather than panic. 

πŸ”Ή RSI Cooling Off – After hovering above 80 (overbought), $CRCL's RSI is finally coming back down to 68. This signals potential for a re-entry, not necessarily a breakdown. 

πŸ”Ή Short-Term Support Zone – Price bounced intraday around the $252–$255 range, which aligns with a Fibonacci retracement level and previous resistance. 

πŸ”Ή Still Riding Macro Tailwinds – Circle's partnership with Fiserv and the ongoing stablecoin narrative provide strong long-term catalysts.

πŸ“ˆ Prediction: If $CRCL holds above $250 this week, a retest of $280–$300 is still in play. But a close below $245 could shift momentum toward $220.

πŸ’‘ My View: This is a classic bull flag setup unless key levels break. The dip may be a blessing for those who missed the first leg. But sizing and risk management are critical now.

Would you add on the dip or wait for confirmation?

I'm not a financial advisor. Trade wisely, Comrades! πŸ’ΌπŸ“Š

# Circle Dumping Risk? Cash Out at $150 or Time to Bottom?

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  • 3nn
    Β·06-25
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    It’s going down
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    • Isleigh:Β 
      Yea but hopefully it will turn the corner soon
      06-25
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