Matrixport: Circle's 88% Price Rebound Has Basically Ended

Jinse Finance reported that on March 16, Matrixport released its daily chart analysis, stating that over the past two weeks, both its daily and weekly market insights have consistently emphasized the potential for an upward trend, even when overall market sentiment and positions were still leaning bearish. This judgment has now been validated. Notably, in the daily insights on February 25, Matrixport pointed out the possibility of an increase in Circle stock, which subsequently surged nearly 100% in less than three weeks. As the stock price approaches resistance levels, market focus may begin to shift toward other emerging opportunities. This once again highlights the importance of understanding market structure and position status, rather than simply reacting to news headlines or mainstream sentiment. With technical indicators improving and liquidation activity remaining subdued, the market may be laying the foundation for a new round of gains. Although overall trading volume remains low, our sentiment indicators have shown significant improvement.