Crypto US stocks show update strengths with Circle (CRCL), Coinbase (Coin) and Robinhood (Hood) all showing renewal strengths with notable developments. CRCL has risen more than 18% today, 404% since the IPO, fueling its USDC adoption and cross-chain growth.
The coin has gained momentum after new products launched in Europe and regulatory advances have progressed, but Hood continues to reach an all-time high with a profit of 102% per year. With each company approaching key technology levels, investors are looking closely to see if bullish momentum can be held.
Circle Internet Group (CRCL)
Circle continues to expand Stablecoin’s dominance in two important aspects: network integration and cross-chain growth. The company recently launched native USDC support on its XRP ledger (XRPL), eliminating the need for bridges and enabling developers and agencies to quickly leverage XRPL’s low-cost USDC transactions.
At the same time, Circle’s Cross-Chain Transfer Protocol (CCTP) reached a record $7.7 billion in May with a Stablecoin Bridging volume of $7.7 billion.
These developments opened more than 18% today amid a high-active performance from Circle’s newly listed stock, CRCL, and boosted profits after IPO to an eye-catching 404%.
The company rejected Ripple’s $5 billion acquisition offer, coupled with the expanding institutional partnership, which encouraged bullish sentiment.
Some analysts currently trading around $158 have reached their target price of $300, citing the company’s strong position in the Stablecoin space. However, if momentum stalls, the closest strong technical support for CRCL is close to $120.
Coinbase Global (Coin)
Coinbase (Coin) is attracting new attention as it continues to strengthen both its product offerings and its global regulations.
For large-scale developments, Coinbase has partnered with Shopify and Stripe to enable USDC Stablecoin payments through Shopify’s basic integrated checkout system. This feature allows merchants to accept crypto payments without the need for new infrastructure and provide payments in either USDC or local Fiat currency.
At the same time, Coinbase is reportedly approaching approval of the EU’s full cryptographic license through Luxembourg, a key milestone under the MICA framework. t
Coin’s shares have grown 2.7% at the time of writing, reflecting an increase in investor optimism. Analysts like Rosenblatt Securities continue to value the stock as “buy” with a $300 target, following a 76% year-on-year revenue surge and recent product announcements.
Once Coinbase regains the bullish momentum it saw in early May, it could soon challenge the $265 resistance level, with $277 becoming the next key upward target. However, momentum must be maintained, especially as trading volumes remain soft in the short term. Analysts see it as a potential purchase opportunity rather than a red flag.
Robin Hood Market (Food)
Robinhood (Hood) is currently trading at its highest ever, with inventory growing by nearly 102% since the start of the year, making it an outstanding performance in the fintech sector.
Its exponential moving average (EMA) remains firmly bullish, with the short-term average far above the long-term average showing strong underlying momentum.
If this trend applies, hoods could quickly test resistance at $77.8, and breakouts above that level could open a pass towards $80, marking the highest ever high and further examining the stock’s upward trajectory.
However, despite the bullish structure, investors need to closely monitor key support levels.
The $63.84 support zone is important. If it breaks it could indicate a loss of momentum and a reversed potential trend.
In that case, the hood can drop sharply, with $45.56 as your next important negative side target.
Disclaimer
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