CRCL: Two Possible Paths After the PullbackCircle Internet Group, Inc. Class ABATS:CRCLjackieeeeeeeeeAfter a strong rally from around 50 to 133, CRCL is now going through a correction and accumulation phase. Earlier, when price first started pulling back from the 120 area, I pointed out that a return to the 85 demand zone was likely. That area also aligned with a previous breakout level and a support/resistance flip. Price did react there as expected and bounced from 85 to 110. Now the stock has started a second leg down, which opens up two possible paths. Scenario 1: ABC Correction The first path is a standard ABC pullback. In this case, the C leg could revisit the 80–87 demand zone again. It is worth noting that this C leg could either hold above the prior low near 86 or briefly sweep below it before reversing. Both outcomes remain valid within the structure. Scenario 2: Ending Wedge / Three Pushes Down If the C leg becomes deeper and more extended, a second scenario becomes more likely: a three-push wedge structure. In that case, price may continue compressing lower before eventually breaking above the descending trendline, which would signal the end of the wedge and the beginning of a new upward move. Using Fibonacci trend extension, the upside targets after a confirmed new leg higher would be: Previous high around 136 1.618 extension around 184 One important point is that CRCL now has a visible 200 EMA, since the stock has been listed for more than 200 days. The 200 EMA is currently near 116, which may act as a meaningful resistance level. Because of that, the key will be to watch the price action after any breakout to judge whether momentum is strong enough for continuation.