$CRCL is entering a correction phase after a strong rally, pushing the price to a local peak at $130.15. Currently, the market is in a "cooling down" process and testing key support levels.


📊 Technical Analysis
After increasing by more than +16.74%, profit-taking pressure has started to appear, causing the price to adjust around $123.42 with short-term red candles. This is a normal development after a hot rally.
The $115 zone now plays a very important role. This is a former resistance area, and if maintained, it will become a strong support base for the next upward trend.
📈 Bullish Scenario
If the price stays above $115 and forms a higher low, the upward structure remains intact. Then, $CRCL has a strong chance to rebound and target the $135+ zone.
📉 Bearish Risk
In case the $115 level is broken, selling pressure could increase and push the price down to the next support zone around $105.
👉 Strategy
The main trend is still upward, but short-term capital flow is slowing down. It is necessary to monitor the price reaction and volume at the $115 zone. If selling pressure weakens and the price stabilizes, this could be a good opportunity to find entry points before the market continues a new upward move.
Patience and observation are crucial now — the $115 zone will determine the next direction of $CRCL. 🚀
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin