Crypto Stocks to Watch This Week: MSTR, COIN, CRCL

The Crypto Stocks sector enters the October 19–23 trading week with Strategy, Coinbase, and Circle facing important technical tests. The crypto market has declined by 0.57% to $2.71 trillion over the past 24 hours, as sentiment is cautious throughout digital assets.

MSTR’s latest price is at  $136.83, while COIN stands at $173.16 and CRCL is priced at $82.22. Bitcoin price is at $81,050, Ethereum is at $2,362, and XRP is at $1.27.

Upcoming U.S. economic releases and possible corporate updates could influence sentiment across Crypto Stocks throughout the week.

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MSTR Stock: Saylor’s Message Puts Bitcoin Purchases in Focus

Michael Saylor’s message, “We found room for more orange,” has renewed speculation about another Bitcoin purchase by Strategy. The company reports 848,250 BTC, while the size and timing of its next purchase remain undisclosed.

MSTR’s bull case calls for any attempts to break above the resistance near $146 to possibly begin a rally to $150 with a higher level of demand. If the break is sustained above $150, bullish momentum could be reinforced and the next upside target of $155 could come to life.

The bear case is based on support around $135 which would have to be met by the buyers to halt a deeper drop. Failure to defend $135 will expose the psychological $130 handle before a further downside target around $127.

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COIN, CRCL Stock Levels to Watch

COIN’s bullish outlook depends on reclaiming $180, with $185 representing the next resistance and potential upside target. The forceful breakout above $186 may change focus to $190 in case of sustained momentum of buyers beyond the first breakout stage.

On the downside, the first bearish support is at $170 and then at $168 in case of a takeover of sellers. A failure below both might put the $165 as a possible downside target.

In the case of CRCL, bulls would have to break above $83 to hit on $85 and the psychological barrier of $90. A bearish pressure would gain ground below $80, possibly triggering a fall to the next support of about $78.

The level of transaction revenue is tied to the level of trading activity at Coinbase and the reserves earnings at Circle are tied to interest rates and the circulation of USDC.

Top Crypto Market Events to Watch This Week

Tuesday also has ADP Crypto weekly employment data, housing starts, and building permits, which are put to the test in the labor demand and construction. Poor readings might renew slowdown fears, but such comparisons with the 200708 crisis need to be expanded with evidence.

U.S. oil inventories and a 20-year auction of Treasury bonds in the amount of 13 billion dollars is to be tested on Wednesday, putting the demand on investors. The low auction demand may drive the yield up, whereas a sudden decrease in inventory may maintain the oil and complicate the inflation expectations.

The jobless claims and mortgage rates on Thursday provide additional information regarding the situation of household financing and employment stability. The PMIs of S&P Global manufacturing and services at October 23 will show whether the business growth and price pressures are evolving.