TLDR
- Circle (CRCL) shares have doubled from $50 to over $100, trading around $110 as of Monday.
- The company’s earnings report on Feb. 25 propelled the stock up 35% on the highest daily volume recorded since its all-time peak.
- The 50-day simple moving average is showing an upward trend for the first time since last August.
- Monness Crespi reaffirmed a Buy rating with a $125 price target, citing the revised CLARITY stablecoin bill as a potential advantage for Circle over Coinbase.
- CRCL’s last two weekly gains were 32% and 22%, supported by the strongest weekly volume in four months.
Circle Internet Group (CRCL) stock has seen a significant surge in 2026, climbing approximately 28% year-to-date and doubling from its $50 low in just a few weeks. This upward movement has captured the attention of both traders and analysts.
Circle Internet Group, CRCL
The stock’s substantial rally began in earnest on Feb. 25 following Circle’s earnings announcement. On that day, CRCL surged 35% on the highest daily trading volume since the stock reached its all-time high on June 23, 2025.
Subsequently, on March 2, the stock broke above a double-bottom pivot point at $88.56, achieving a 15% gain on more than double its average daily volume. Such strong buying pressure during a breakout is noteworthy.
The technical indicators have shown improvement. The 50-day simple moving average is now trending upwards for the first time since last August. Additionally, the 21-day exponential moving average, which had previously acted as resistance for the stock since July, is finally beginning to favor Circle.
The past two weekly trading periods recorded gains of 32% and 22%, respectively, supported by the strongest weekly volume observed in four months. This also marks the stock’s first four-week winning streak since its public listing.
Analyst Endorsement Provides Further Momentum
On Monday, Monness Crespi offered its perspective, reiterating a Buy rating on CRCL with a price target of $125. The firm suggested that recent remarks from Donald Trump regarding stablecoins are largely inconsequential rather than posing a genuine regulatory threat.
The firm highlighted a revised version of the CLARITY bill, which would impose yield caps solely on peer-to-peer activity, not on idle balances. This adjustment, they noted, could provide a significant commercial advantage for Circle over its competitor, Coinbase.
CRCL was trading at approximately $110 on Monday, giving it a market capitalization of roughly $23.97 billion.
Current Stock Position
Despite its robust performance, CRCL remains more than 60% below its most recent 52-week high. The stock has not yet completed a full year of public trading, and its journey has been marked by volatility.
The weekly chart clearly illustrates this — consecutive weekly advances have occurred only three times in the past nine months. The current winning streak stands out against this historical pattern.
A doji candle observed on March 5 suggests a potential short-term pause. Analysts monitoring the chart are considering $105 as a possible entry point, with a move towards $150 as the subsequent target — representing an approximate 43% gain from current levels.
The $150 level previously acted as resistance in September and October of last year. A bullish outlook is maintained as long as the stock holds above $90.
Average daily trading volume stands at over 13 million, indicating sustained strong interest in the stock since its post-earnings surge.
