Coinbase and Circle Stock Prices Braced for PCE Inflation Data Volatility

The upcoming release of the US Personal Consumption Expenditures (PCE) inflation data on September 30 may lead to increased volatility in the stock prices of Coinbase (NASDAQ: COIN) and Circle (NYSE: CRCL), two major players in the crypto space.

According to CoinGape prediction markets, there is a 65% chance that the Federal Reserve will hike rates by 25 basis points in October. The PCE data release comes two weeks after the US CPI fell in line with expectations at 3.4%, and investors remain divided over whether the Fed will announce more rate hikes in 2026.

Coinbase's stock price has been defending its key support at $195, but a potential drop to test the support at $190 is possible if it closes below this level. The RSI line is tipping north, suggesting that bullish momentum is gaining strength as Coinbase expands its service offerings.