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$CRCL: Rebound, Resume or Relapse?
@Isleigh:
$Circle Internet Corp.(CRCL)$ 📉 Price Action & Demand/Supply Snapshot Current price: $213.63, up ~7.6% today off the intraday low near $194 . Demand zone holding: Buyers stepped in between $200–210, absorbing heavy selling and forming a strong base. Supply ceiling emerges: Sellers reappear near $230–240, where prior gap-fill and ARK reallocate liquidity remain strong. 🧩 Technical & Historical Context High-volume V-shaped recovery signals strong dip-buying pressure at current support. Double-top aligned around $299 still remains structurally relevant . Post-IPO patterns in 2020–21 suggest a 20–30% pullback followed by consolidation—CRCL has retraced ~27% from its peak. RSI reset from >80 to ~55–60 supports a neutral-to-bullish bias, especially if volume recedes. 🌐 Macro & Crypto Landscape Geopolitical calm after ceasefire dampens oil volatility and reduces inflation concerns. Crypto correlation: BTC has stabilised around $102K, reducing immediate tech/crypto sell pressure. Regulatory cloud: Compass Point's Hold call and Seeking Alpha's bearish take underscore valuation risk—yet USDC growth and GENIUS Act provide structural upside. 🧠 Short-Term Outlook Scenario Trigger Short-Term Move Bullish Holds $200–210, BTC stays >$100K Bounce toward $230–240 Neutral Trades between $210–230 Sideways consolidation for 1–2 weeks Bearish Breaks below $200 on volume Test $180–190 (gap-fill zone) ✅ Trade Strategy Dip buyer rewards: Consider buying near $205 with a stop at $195; initial target near $230. Breakout Watch: A strong move above $230–240 on volume may target $260–280. Risk Alerts: Close below $200 threatens reclamation of October lows near $180. 🔮 Final Take CRCL's bounce shows solid dip-buying only after a 27% drop—indicating resilient demand. But overhanging supply at $230–240 and macro uncertainty warrant caution. Bulls should await confirmation above $230 before chasing higher. **I'm not a financial advisor. Trade wisely, Comrades!**
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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