Chart created using Benzinga Pro

CRCL stock has surged more than 36% over the past year and are now approaching a closely watched Golden Cross formation, where the 50-day moving average rises above the 200-day moving average — a signal many technical traders view as bullish momentum confirmation.

The setup is particularly notable because the stock still remains well below its 52-week high near $299 despite staging a sharp rebound from earlier lows.

CRCL: Technical Momentum Builds

The technical picture has improved significantly in recent weeks.

CRCL’s shorter-term moving averages have already turned upward, while momentum indicators including MACD (moving average convergence/divergence)…

Read more on Benzinga