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Crypto Stocks Forecasts – Senate Hearings and Technical Levels Drive Pre-Market Moves

Crypto Stocks Forecasts – Senate Hearings and Technical Levels Drive Pre-Market Moves

Circle has slid to around $65, well below both EMAs. Source: TradingView.

Circle looks like it’s going to benefit from a little bit of goodwill early in the morning. It is rising in pre-market trading. It did bounce from the $60 level, which was a gap from the earnings call back in February. So, we’ve done a round trip, and now it looks like that is trying to offer support. Volume was a little higher than usual yesterday, so this could be something to pay attention to. Value hunters certainly seem to be interested in Circle. It is going to have an earnings call on August 5th, so that’s the next major specific catalyst, but it may be getting a little bit of a boost from those Senate hearings yesterday, like Coinbase was.

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