$Circle Internet Corp.(CRCL)$ $CME Ether - main 2507(ETHmain)$ $CME Bitcoin - main 2507(BTCmain)$ 🧠💥📉 After the GENIUS Act and Compass Slam: Will $CRCL Hold the $208 Lifeline or Fall to $181? 📉💥🧠

The stablecoin celebration may be short-lived. $CRCL is showing a rising head and shoulders pattern with $208 acting as a critical neckline. A breakdown would invalidate the trendline that has underpinned its ascent since May. If this level gives way, there’s little stopping a trip to $181.

Technically, this setup is delicate. Structurally, it’s a high-probability reversal formation; fundamentally, it’s under pressure from Compass Point’s downgrade from Neutral to Sell with a price target cut from $205 to $130. That move shook confidence across crypto-related equities.

Overlay this with the GENIUS Act’s newly minted federal framework for USD-backed stablecoins. Yes, it offers clarity, but it also introduces regulatory burdens and uncertainty around Fed access to master accounts, an essential piece of Circle’s institutional thesis.

$CRCL has now fallen more than 30% from recent highs in just three sessions. RSI on the 60-minute is flashing oversold. And despite the pressure, bulls stepped in hard: nearly $1.8M in premium flooded into the $217.5C 4DTE contract late in the session. Volatility is now weaponised.

🟢 Bullish idea (only if $208 holds with strength):

• Entry: Over $215

• Target: $240

• Stop: Below $206

🔴 Bearish trade (on breakdown):

• Entry: Below $205

• Target: $181

• Stop: Above $212

I’m watching $208 like a hawk. Fortunately, I’m not on the wrong side of this one.

📢 Don’t miss out! Like, Repost and Follow me for exclusive setups, cutting-edge trends, and insights that move markets 🚀📈 I’m obsessed with hunting down the next big movers and sharing strategies that crush it. Let’s outsmart the market and stack those gains together! 🍀

Trade like a boss! Happy trading ahead, Cheers, BC 📈🚀🍀🍀🍀