Cricut’s Creative Comeback

Cricut (CRCT) is demonstrating strong bullish momentum, with a gap forming around the $5.25 level. A breakout above the $7.17 resistance would signal continued strength, positioning the stock to target the $8.40 weekly resistance. This setup offers an attractive risk-to-reward ratio, with a stop-loss set at $3.15 to manage downside risk.

The stock’s chart is forming a classic IPO bottoming pattern, suggesting that CRCT is poised for a long-term breakout. As the leader in the crafting industry, Cricut provides the number one tool for creators and hobbyists to bring their designs to life. With growing consumer demand for personalized goods and creative tools, Cricut is well-positioned to capitalize on this trend and deliver sustained growth.

This combination of technical momentum, long-term potential, and strong market leadership supports a bullish push toward $8.40, making CRCT a compelling play for both traders and investors.

CRCT