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Robinhood Markets Inc (HOOD) is trading at $77.16, down $3.50 or 4.75% from the previous close, showing a notable decline of 4.75%. Since the market opened, HOOD has moved higher by $2.16, representing a 2.9% intraday rise. The stock is currently near the upper end of today's range ($75.00 – $78.25), reflecting renewed buying interest after an initial selloff. The drop was driven by management's warning about the risks in futures and cleared swaps trading, coupled with disappointing Q1 2026 crypto revenue results.
Robinhood emphasized caution regarding futures and cleared swaps trading, reflecting a risk-aware tone and possibly influencing investor sentiment to remain guarded. In its recent update, HOOD posted a sharp 47% year-over-year decline in cryptocurrency revenues for Q1 2026, signaling significant volatility in this segment. However, the company also reported growth in options, equities, and net interest revenues, as well as an expansion in retirement and Gold subscription assets. Despite the crypto setback, the platform's diversified revenue streams and increased engagement in event contracts continue to shape HOOD's evolving market profile.
HOOD is positioned below the MA-20 ($79.22) and MA-200 ($106.58), but remains just above the MA-50 ($76.32). The nearest support is at $76.32, with resistance at $78.40. The daily MACD is neutral while the weekly reading signals strong bearish momentum, and RSI levels show ongoing weakness, reinforcing continued seller dominance. The 5-day price forecast projects a range of $75.00 to $80.50, with a higher probability of further downside.
Previously it was reported that Robinhood was among more than 50 firms participating in DTCC’s upcoming tokenization service rollout, reflecting growing industry engagement with on-chain assets. The latest developments highlight ongoing integration between Robinhood and traditional market infrastructure, with particular attention now turning to how this adoption could impact liquidity for digital asset offerings in the coming quarters.