Crypto Stocks Slip Ahead of Earnings Releases
Crypto stocks were trading lower in pre-market activity as investors waited for earnings updates from major players. MSTR, CRCL, and COIN shares remain close to key technical levels after sideways trading.
MSTR shares continued to move between support near $95 and resistance around $100. The stock lacks a clear catalyst before Thursday's earnings report, which may shape the next move. Traders are focused on the company's use of borrowed funds to expand its Bitcoin holdings, but investors have shown less confidence in this strategy.
Circle shares also pointed lower ahead of the opening bell. CRCL has stayed within a narrow range since filling a price gap linked to its late-February earnings release. Support forms near $60, while resistance remains close to $73. A break above that level could improve short-term momentum for Circle.
Coinbase shares traded softly ahead of Thursday's earnings release. COIN remains below its 50-day exponential moving average, which may act as near-term resistance. Buyers have supported recent pullbacks, but COIN has not established a strong trend. The earnings report may guide trading across crypto stocks, especially if Coinbase provides updated revenue, volume, and outlook figures.