The decline from CRCL136.6 is a correction. After the correction ends, CRCL will continue to rise.



Currently, it depends on whether it can quickly break through the 96.5 level. If it can break through and stabilize above the red resistance zone shown in the chart, the correction for CRCL may be over. Under this scenario, CRCL has been running from 83 in a rise at the same level as 49.6-136.6.

If it cannot break through 96.5 in the near term, then the move from 83 is a small-scale rebound. Once the rebound ends, CRCL will continue to move downward to find the end of the correction. Even if it follows this path, the correction will eventually end, and a new upward trend will begin.

There are no fundamental issues with CRCL. Currently, its market cap is not high, and there is still considerable room for growth. Most importantly, USDC has almost no compliance issues, which is a significant advantage over USDT. In the near future, this could become a catalyst for CRCL's takeoff.
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