COIN, MSTR and CRCL Forecast – Crypto Stocks Looking to Rally

COIN Technical Analysis

The market looks like it is going to basically open up where it closed during the previous session for Coinbase, as it is threatening the $380 level. Keep in mind that Bitcoin is within a few whiskers of breaking out itself, so that has people buying the digital asset stocks at the moment, and it is worth noting that it was an IPO in April of 21. And now it looks like we’re trying to get back to the spike high at that IPO. So, it’ll be interesting to see how that plays out. But clearly, we have a lot of momentum here. Short term pullbacks should continue to be an area of interest, with the region right around $340, perhaps offering significant support in what has been one of the favorite ways to play crypto overall.

MSTR Technical Analysis

MicroStrategy, of course, is going to open up a little bit lower than it closed as it continues to fight with the $425 level. If we can break above there, then micro strategy can go much higher. But recently what we’ve seen is a shot higher and then something that looks a little bit like a rounded bottom using the 50-day EMA as a trend line. I think ultimately if we can break above that $425 level, we will continue going higher. Otherwise, a pullback to the 50-day EMA offers value that I think a lot of people would be looking to get involved in in what is an obvious uptrend.

CRCL Technical Analysis

Circle looks like it’s going to open a little higher than it closed during the previous session as we had shot higher at the IPO, we had pulled back and now we are starting to grind our way to the upside. This obviously is a very new stock, so there will be a lot of questions. There’s really not a whole lot of history to draw from here. I’d say 180 ends up being a significant support area drop towards that, then I think there’ll be people out there willing to get involved.

If we can break above this nasty candlestick from about a week and a half ago, and I’m going to call that the $225 level, then Circle could go racing back towards the $300 level. This is obviously a very volatile and fluid situation, but as Bitcoin goes, so goes the rest of cryptocurrency stocks and coins for that matter.

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