📢 $CRCL: Stablecoin Act Incoming? +6% Intraday Bounce — But Is It a Bull Trap or Bottom Signal?

Isleigh
07-01

$Circle Internet Corp.(CRCL)$  

Circle ($CRCL) surged over 6% intraday following comments from U.S. Treasury Secretary Bessent, who hinted at stablecoin legislation being introduced by mid-July. The news boosted market confidence, pushing crypto-related equities higher before CRCL eventually closed flat.

But here's the twist:

💣 Goldman Sachs just slapped a Neutral rating and an $83 PT on CRCL — that's a 54% downside from its current price of $182.90.

Now investors are split:

Is the potential regulatory clarity bullish for long-term adoption?

Or is this a classic relief rally within a broader downtrend?

📊 What Traders Should Watch:

🏛 Stablecoin Act news cycle — a signed bill could ignite a rally

🪙 $BTC reclaiming $65K = fuel for CRCL to retest $200

🧾 Macro backdrop: Rising yields and tightening liquidity remain headwinds

🧠 Technical zone to watch: $165 must hold to avoid retest of $150 or worse

🎯 Price Scenarios:

Bullish: Regulation passes, $BTC breaks out → CRCL toward $200+

Base Case: Sideways chop between $160–$170 into earnings season

Bearish: No follow-through rally + macro drag → drop to $100–120

💡 If you're holding above $200, don't panic — but don't average mindlessly either. Wait for volume confirmation and BTC momentum. This is a market for strategic entries, not blind conviction.

📌 Key Catalyst: Watch for Congressional movement on the Stablecoin Act in the week of July 15th.

I'm not a financial advisor. Trade wisely, Comrades!

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

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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Comment（4）

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  • AL_Ishan
    ·07-02
    TOP
    Whoa, Circle’s like a rollercoaster! That $83 target is brutal but the hype around stablecoin rules could flip the game. Betting on the dips and hoping for moonshots! 🚀
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  • Kristina_
    ·07-02
    TOP
    Circle’s ride is wild! Love seeing how crypto regulation might shape tech’s future. If the Stablecoin Act passes, this could be a game-changer — keeping an eye on $BTC too![Serious]
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  • Venus Reade
    ·07-03
    I see the big dogs have a price target of 208.00 plus I’m in

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  • Enid Bertha
    ·07-03
    I want to see 90 to load up.

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