- Circle stock closed at $102.59 after falling 18.99% in the latest session.
- TradingView showed CRCL dropping from an open of $126.35 to a low of $102.34.
- USDC stayed stable at $0.9999 while its market cap stood at $78.62 billion.
Circle, the issuer of USDC Stablecoin, has seen its share price drop sharply in the latest session, falling nearly 19%. The decline pushed CRCL near $102 after trading above $126 earlier in the day.
Meanwhile, the USDC stablecoin itself remained around a stable level of about $1, but Circle stock went the other way around.
Circle Stock Drops 18%, USDC Stayed Stable
Circle shares opened at $126.35, reached a high of $127.08, and then fell to a low of $102.34. The stock closed at $102.59, marking an 18.99% drop for the session.
However, its trading volume rose to 29.58 million, showing strong selling pressure. The breakdown followed a rejection near the $121–$133 range, where repeated upper wicks signaled seller dominance.
While Circle stock declined, USDC remained stable. CoinMarketCap data showed the stablecoin trading around $0.9999 with a market capitalization of $78.62 billion.
The stablecoin maintained its peg despite the equity selloff. This divergence highlights that USDC price stability remained intact even as investor sentiment toward Circle shares weakened.
Technical Chart Shows Momentum Turned Lower Into The Close
Meanwhile, the technical picture also weakened. Earlier price action lifted Circle shares from roughly the $111 to $115 area into the low $130s, but that rebound failed. The late-session collapse erased recovery and turned the structure into a clear breakdown rather than a normal pullback.
Source: TradingView
Trading View MACDs also displayed sluggish momentum. The MACD line stood at 12.11, the signal line at 13.12, and the histogram dropped to -1.01. Readings indicate that upward movement was already beginning to ease off before the apparent heavy selloff struck. Other indicators on the chart, such as Bollinger Bands, indicated pressure following a failure of the stock to maintain the previous high range.
Related: Circle’s USDC Stablecoin Is Now Natively Supported on the XRP Ledger
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Source: https://coinedition.com/circle-crcl-stock-drops-18-while-usdc-holds-1-peg/
