CRCL Market Analysis 2026.04.09

In the tweet on March 24th, proposing 136.64 as the end point of the first rebound from 49.9 was very reasonable. Subsequently, CRCL plummeted by 38%. In the tweet on March 27th, it was pointed out that support at around 84 initiated a rebound, and now CRCL has gained over 20%. Has the second wave of rebound at the same level as 49.9-136.64 begun? The key is here:

As shown in the chart, 104.27, as the 0.382 Fibonacci retracement level of the 136.64-84 decline, exerts a strong resistance. If CRCL can effectively break through this zone, we can imagine that the correction is complete and the second wave of rebound (red line) has begun. However, based on its current structure, breaking this level is a significant challenge.

If it encounters resistance here, we are likely to see CRCL move along the blue route—after the rebound from 136.64-84 ends and it continues to decline to find a bottom, once it reaches the end of the correction from 136.64, CRCL will initiate a second rebound at the same level as 49.9-136.64, or even develop into a new upward trend.

Good things are worth waiting for. #CRCL $CRCLX