CRCL Stock Price Outlook As Circle Raises $222M and Q1 Revenue Jumps 20%

Circle (NYSE: CRCL) is about to have a volatile day. It just released earnings that revealed its revenue increased by 20%. The company has also raised $222 million from BlackRock, Apollo, and others. These two things have caused CRCL stock price to go up by 1.11% at the time of writing during pre-market trading. But can it sustain this momentum through the week?

Circle Raises $222M Amid 20% Revenue Jump

Circle has just posted its Q1 2026 earnings, and the revenue reached $694 million. This number was 20% higher than what it put down in Q1 2025. But when compared to Q4 2025, the revenue has dropped by 6%.

Wall Street had expected that Circle was going to announce a revenue of $718 million. It has missed this target. It also had a net income of $55 million, which had dropped by 15% compared to January to March 2025.

Earnings aside, Circle is one of the crypto stocks winning the diversification race. It has raised $222 million by preselling Arc, a token that will be used on a blockchain that it is launching. BlackRock, Andreessen Horowitz, and Apollo Funds participated in this raise.

This raise is consequential to CRCL stock price because Circle is no longer relying on a stablecoin alone to move revenue up. It now has a blockchain that can be used for institutional finance while contributing to the revenue figure.

These two events: the Q1 revenue jump and the $222 million raise, are what Circle needs to go up after there was a drop from May 5 through May 8 after a director sold $1.3 million shares.

CRCL Stock Price Outlook

CRCL stock closed trading on Friday, May 8, at a critical point. There is very good support at $112 on the daily, while CRCL closed at $113 on Friday. Bears are testing if this support can hold.

If it does hold, it will be the footstool that bulls can use to push the price up to resistance at $119. The resistance of $119 must be breached for the CRCL stock price to reach $136.

A previous CoinGape CRCL stock analysis detected a W pattern, and it is still intact as the daily chart below shows. The target of this W is $145. This is where CRCL stock price will reach if the raise of $222 million and the earnings attract more people to buy.

But the 200-day EMA is making buyers hesitate, and when CRCL touched it, the stock price retreated, and it is now below this line. CRCL needs to go above the obstacle created by this EMA for it to get to $145.

The RSI reading of 56 shows that bulls indeed hesitated at this 200-day EMA. They need conviction that Circle can sustain a rise before they can come back in droves like they did between May 1 and May 4.