Technical analysis by DEXWireNews about Symbol CRCLX: Buy recommendation (12/9/2025)

Circle Internet Group Inc. (NYSE: CRCL ) has secured a major regulatory milestone after Abu Dhabi Global Market (ADGM) granted the company a Financial Services Permission (FSP) to operate as a licensed Money Services Provider in the UAE. The approval allows Circle to expand USDC’s institutional use across the Gulf, strengthening the stablecoin’s role in payments, settlements, and corporate finance. With over $78B in USDC circulation, Circle is positioning itself at the center of a region rapidly embracing regulated digital assets. The UAE has become a magnet for global crypto players under ADGM’s robust regulatory framework. Binance, Tether, and Ripple have all secured approvals in recent months, helping establish Abu Dhabi as a global hub for stablecoin innovation. Tether’s USDt and Ripple’s RLUSD were also recently recognized for institutional use, creating a competitive but expansive environment for Circle to scale. Circle also appointed Visa veteran Dr. Saeeda Jaffar to lead Middle East and Africa operations, reinforcing its long-term commitment to the region’s growing demand for regulated digital payment infrastructure. Smaller markets with limited banking access have increasingly turned to stablecoins for fast and secure transactions. With ADGM’s backing, Circle now gains a powerful regulatory base to support USDC adoption in government, fintech, and enterprise environments—an advantage that strengthens its global expansion strategy. Technical Analysis CRCL has been in a sustained downtrend since July, consistently rejecting the descending trendline. After falling toward the $64 support zone, momentum shifted, and price rebounded into the mid-$80s. The stock is currently testing the long-term descending trendline once again. Volume shows stronger accumulation on recent green candles, signaling early buying interest after months of weakness. RSI has lifted from oversold levels, confirming improving momentum despite still-bearish broader structure. If CRCL breaks and closes above the trendline, the next upside target sits in the $115–$120 supply zone, where previous consolidation formed. Failure to break out risks a retest of the $64 support. Bulls need sustained volume and a clean trendline break to confirm reversal strength.