CRCL stock slides 4.73% as short-term selling dominates

Traders Union
All News
Financial News
Circle drops 4.73% to $72.1 today

Highlights

CRCL/USD remains under sustained downside pressure, trading below major moving averages across short and long timeframes.
Bearish momentum dominates intraday action, with multiple indicators confirming selling strength and elevated volatility.
Price is expected to range between $67.25 and $76.64, with a 78% probability of further declines absent a decisive rally above $77.5.

Bearish momentum prevails as major supports and signals break

CRCL/USD recently slipped below the MA-20 at $76.77, MA-50 at $79.42, and the long-term MA-200 at $98.94. The Ichimoku Kijun level at $77.5 is now an immediate resistance point. The technical picture is reinforced by predominantly bearish momentum signals: the Moving Average Convergence Divergence (MACD) suggests a sell bias, while the Average Directional Index (ADX) is neutral. The Relative Strength Index (RSI) stands at a deeply oversold 26.56 on the hourly chart, with the Stochastic RSI, Commodity Channel Index (CCI), and Bull/Bear Power all confirming dominant selling pressure for intraday momentum. The Awesome Oscillator additionally supports the ongoing downtrend.

Downside risk increases as trading range narrows amid volatility

In the short term, CRCL/USD is expected to remain volatile within a projected trading range of $67.25 to $76.64. The probability of an upward move is estimated at 22%, while a downside scenario is seen as more likely, at 78%. If price action decisively clears the $77.5 resistance, a recovery attempt could follow. Conversely, a break below $67.25 would reinforce the ongoing downside trend.

Anton Kharitonov, analyst at Traders Union, notes that Circle (CRCL) continues to show predominately bearish technical signals. The price is now well below key moving averages and recent momentum readings confirm strong selling pressure. He points out a low probability of a sustained upward move unless $77.5 is reclaimed. "As long as CRCL stays under $77.5, the setup remains defensive and the downside scenario dominates."

Earlier, analysts noted that Circle stock was exhibiting persistent bearish momentum amid post-IPO volatility and technical weakness. The latest market action not only reinforces these concerns but also suggests traders should closely monitor the $67.25 support, as a decisive break could accelerate downside risk in the sessions ahead.

Source of Data: CRCL Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.