Circle (CRCL) Stock Jumps 14% Today — Here’s What’s Driving the Move

TLDR

• Circle (CRCL) stock has doubled from $50 to over $100, trading around $110 on Monday
• Earnings on Feb. 25 sent the stock up 35% on the heaviest daily volume since its all-time high
• The 50-day simple moving average is tilting higher for the first time since last August
• Monness Crespi reiterated a Buy rating with a $125 price target, citing the revised CLARITY stablecoin bill as a potential tailwind for Circle over Coinbase
• CRCL’s last two weekly gains were 32% and 22%, on the strongest weekly volume in four months

Circle Internet Group (CRCL) stock is up sharply in 2026, gaining roughly 28% year-to-date and doubling off its $50 low in a matter of weeks. The move has caught the attention of traders and analysts alike.

Circle Internet Group, CRCL

The stock’s big run started in earnest on Feb. 25 when Circle reported earnings. That day, CRCL jumped 35% on the highest daily volume recorded since the stock hit its all-time high on June 23, 2025.

From there, the stock broke above a double-bottom pivot at $88.56 on March 2, posting a 15% gain on more than double its average daily volume. That kind of buying pressure on a breakout is hard to ignore.

The technical picture has been improving. The 50-day simple moving average is now tilting higher for the first time since last August. The 21-day exponential moving average, which had been a ceiling for the stock since July, is finally starting to turn in Circle’s favor.

The last two weekly candles showed gains of 32% and 22%, backed by the strongest weekly volume seen in four months. It also marked the stock’s first four-week winning streak since it went public.

Analyst Backing Adds Fuel

On Monday, Monness Crespi weighed in, reiterating a Buy rating on CRCL with a price target of $125. The firm argued that recent comments from Donald Trump around stablecoins are largely noise rather than a real regulatory threat.

The firm pointed to a revised version of the CLARITY bill that would cap yield only on peer-to-peer activity rather than idle balances. That tweak, they said, could be a major commercial advantage for Circle over rival Coinbase.

CRCL was trading around $110 on Monday, giving it a market cap of roughly $23.97 billion.

Where the Stock Stands

Despite the strong run, CRCL is still more than 60% below its most recent 52-week high. The stock hasn’t been publicly traded for a full year yet, and it has been anything but smooth.

The weekly chart tells that story clearly — consecutive weekly advances have only happened three times in the last nine months. The recent streak stands out against that backdrop.

A doji candle on March 5 points to a possible short-term pause. Analysts watching the chart are eyeing $105 as a potential entry point, with a move toward $150 as the next target — roughly a 43% gain from current levels.

The $150 level is where resistance showed up last September and October. A bullish stance is supported as long as the stock holds above $90.

Average daily trading volume sits at over 13 million, reflecting strong interest in the name since its earnings pop.

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