Circle (CRCL) Stock Price Prediction Ahead of CPI Data Release-Is 120 Next?

Circle (CRCL) Stock price surged to 111.84 at the close on March 9, delivering a robust 10% gain. The stock climbed 9.93 points during regular trading hours, ahead of the CPI data release tomorrow. In pre-market action. Early momentum suggested traders were positioning for continued upside.

CRCL Stock Price Surges 10% Ahead of CPI Data Release

Market attention now shifts to the upcoming U.S. Consumer Price Index report scheduled for March 11. Both headline and core CPI numbers are being tracked closely by traders to give hints to the direction of inflation and policy.

On March 12, initial jobless claims data will provide further insight into labor market resilience. March 13 brings the second estimate of U.S. fourth-quarter GDP, alongside PCE inflation and JOLTs data. Such releases might influence the expectations of monetary policy up to the second quarter.

Big Week Ahead For Crypto Holders 🚨

▫️ 9th March: US market open after strikes on Iran’s oil facility

▫️ 10th March: Existing home sales data

▫️ 11th March: US CPI and Core CPI data

▫️ 12th March: Initial jobless claims data

▫️ 13th March: US Q4 GDP (2nd estimate), PCE…

— Ted (@TedPillows) March 9, 2026

The Federal Reserve will again make a decision on its interest rates on March 18, 2026, in the FOMC Meeting. The current expectations of markets are that the rates will stay constant, ranging between 3.5% and 3.75%. Any change in the tone of future rate cuts can swiftly shift the liquidity situation in equities and crypto-linked stocks.

In the meantime, regulatory news is in the limelight as the CLARITY Act debates are ongoing. A possible signing in early April can provide more explicit directions on digital assets and promote institutional participation.

Crypto Market Rallies as BTC and ETH Extend Gains Amid Geopolitical Tensions

The broader crypto market added nearly 3.8% over the past 24 hours, lifting total capitalization toward $2.4 trillion. Bitcoin price climbed back above the $70,000 level, while Ethereum advanced beyond $2,000 during the rally.

The move followed signs of geopolitical de-escalation, though tensions in the Middle East remain elevated. Iran’s Islamic Revolutionary Guard Corps warned that Tehran would determine the outcome of the ongoing conflict.

U.S. President Donald Trump responded by cautioning against any disruption to oil flows through the Strait of Hormuz. He stated that any interference would trigger a strong U.S. reaction. The stronger U.S. dollar reflected heightened uncertainty surrounding the region.

Circle Price Prediction: Will CRCL Stock Hit $120 This Week?

CRCL stock price has a technical resistance of almost at the $115 level. A prolonged break above this level may clear the path to $120 in the short run.

Should the buying momentum continue to increase, the following upside targets are close to $125 and $130. Impressive weekly returns of 30% indicate increasing bullish belief.

On the negative side, the first price is placed at about $108. The fall below that could reveal $105 next, with further support of around $101.

The 50-day simple moving average has begun turning higher for the first time since last August. That shift suggests improving medium-term momentum, though macro data could still influence near-term direction.