Quick Overview
- Circle (CRCL) shares have climbed from $50 to above $100, currently hovering near $110 in Monday trading
- Post-earnings momentum on Feb. 25 propelled shares up 35% with record volume not seen since the stock’s peak
- Technical indicators show the 50-day moving average trending upward for the first time since August
- Monness Crespi maintains Buy rating with $125 target, highlighting revised CLARITY stablecoin legislation as favorable for Circle versus Coinbase
- Recent weekly performance shows gains of 32% and 22%, accompanied by the highest weekly trading activity in four months
Circle Internet Group (CRCL) shares are experiencing significant momentum in 2026, climbing approximately 28% year-to-date and effectively doubling from the $50 level within just a few weeks. This remarkable ascent has captured considerable attention across trading desks and analyst circles.
The stock’s acceleration began in earnest following Circle’s earnings announcement on Feb. 25. Shares skyrocketed 35% that session, accompanied by trading volume that exceeded any daily activity since the stock reached its all-time peak on June 23, 2025.
Momentum continued as the stock cleared a double-bottom formation at $88.56 on March 2, advancing 15% on volume exceeding twice the daily average. Such robust buying activity during a technical breakout typically signals strong conviction among market participants.
Technical indicators are showing marked improvement. The 50-day simple moving average has begun trending upward for the first time since August of last year. Meanwhile, the 21-day exponential moving average, which acted as resistance throughout the period following July, is now shifting to support Circle’s upward trajectory.
The previous two weekly sessions delivered gains of 32% and 22% respectively, supported by the most substantial weekly volume observed over the past four months. This performance also represents the stock’s first four-consecutive-week advance since its public market debut.
Wall Street Support Strengthens Case
On Monday, Monness Crespi confirmed its Buy rating on CRCL while maintaining a $125 price objective. The research firm characterized recent remarks from Donald Trump regarding stablecoins as primarily headline risk without meaningful regulatory implications.
The analysts highlighted modifications to the CLARITY bill that would restrict yield caps exclusively to peer-to-peer transactions instead of idle balances. This adjustment, according to the firm, positions Circle with a substantial competitive edge relative to Coinbase.
CRCL changed hands around $110 during Monday’s session, translating to a market capitalization of approximately $23.97 billion.
Current Technical Position
Despite the impressive rally, CRCL remains more than 60% beneath its latest 52-week peak. The stock has yet to complete a full year of public trading, and the journey has been marked by considerable volatility.
The weekly price action illustrates this clearly — back-to-back weekly gains have materialized only three times across the preceding nine months. The current winning streak represents a notable deviation from that pattern.
A doji formation on March 5 suggests potential near-term consolidation. Chart-focused analysts are monitoring $105 as a logical entry zone, with $150 emerging as the next meaningful objective — representing roughly 43% upside from present levels.
The $150 threshold corresponds to resistance that emerged during September and October of last year. The bullish thesis remains intact provided support holds above $90.
Average daily volume currently exceeds 13 million shares, underscoring sustained market interest following the earnings-driven breakout.
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