Robinhood stock forecast: Resistance test after surpassing Ethereum and Solana in asset distribution
Robinhood (HOOD) stock is trading at $98.67, up 3.96% on the session and holding near its daily highs. The price remains below its key moving averages, highlighting persistent seller pressure in both short and long timeframes.
Highlights
- Robinhood Chain has become the leading blockchain by real-world asset holders, indicating rapid adoption and growing platform trust post-mainnet launch.
- Tokenized real-world assets on Robinhood Chain have surged fivefold to approximately $70 million, supporting on-chain liquidity and future revenue prospects.
- HOOD/USD faces sustained selling pressure below key averages, with a 74% probability of downside and an expected range of $91.9 to $105.44.
User adoption accelerates as Robinhood Chain surpasses major networks
Robinhood Chain has rapidly established itself as the largest blockchain by real-world asset holder count less than a month after its mainnet debut, according to Cryptopotato, underscoring swift user adoption and increasing confidence in the platform's infrastructure. This momentum is reinforced by a fivefold surge in tokenized real-world assets to about $70 million over the same period, as reported by Cryptopolitan, which points to mounting on-chain liquidity and rising engagement with tokenized assets that could support future revenue streams. Additionally, Cryptotimes highlights Robinhood Chain's emergence as the top network for real-world asset distribution, surpassing Ethereum and Solana, and reflecting strengthened market positioning amid heightened trading volumes and activity.
Resistance at Kijun level as indicators diverge on momentum
Technically, HOOD is trading below the 20-period and 50-period moving averages on the hourly chart and below the 200-period moving average on the daily timeframe. The Ichimoku Kijun level at $100.62 acts as immediate resistance. The RSI is at 30.77, with the CCI in oversold territory, while Stoch RSI signals a strong buy divergence against negative MACD and ADX readings. Bull/Bear Power shows clear seller dominance, and the Awesome Oscillator remains neutral, highlighting a tension between trend momentum and reversal signals.
Sideways trade expected unless key resistance or support breaks
Over the next two to three trading days, HOOD is expected to trade within a range of $91.9 to $105.44, in line with the current volatility band. There is a 26% probability of an upward move developing, while the chances of further downside stand at 74%. Baseline expectations favor sideways price action within this band, with a bullish breakout scenario only likely if resistance at $100.62 is cleared, and a bearish scenario confirmed on a move below $91.9 support.
Earlier, analysts noted that Robinhood's expansion into prediction markets and tokenized real-world assets could fuel new revenue streams despite ongoing regulatory scrutiny. The latest surge in on-chain activity and real-world asset distribution via Robinhood Chain strengthens this outlook, with continued monitoring of the $100.62 resistance level offering critical insight into the next directional move for HOOD.
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