Summary
- Circle Internet Group shares were reported to be sliding sharply intraday, down 17.09% from the previous session.
- The stock was said to have lost upward momentum at a key resistance zone of $125–$130.
- It added that the EU’s digital-asset regulation and uncertainty over the scope of stablecoin use and the supervisory framework are weighing on investor sentiment.
Forecast Trend Report by Period
Shares of stablecoin issuer Circle are sliding sharply intraday.
On the 24th, Circle Internet Group at one point fell below $115, extending losses.
As of 11:55 p.m., Circle shares were at $105, down 17.09% from the previous session. The intraday decline briefly exceeded 9% before additional losses followed.
Economic outlet Benzinga said, “Circle’s rally lost momentum at a key resistance zone of $125–$130,” adding that “technical headwinds have intensified after the recent surge.”
It also noted that “uncertainty surrounding the scope of stablecoin use and the supervisory framework amid the European Union (EU)’s discussions on digital-asset regulation is also weighing on investor sentiment.”
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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