#Over 100 Companies Hold Over 830,000 BTC#
According to reports as of June 19, more than 100 companies collectively hold over 830,000 BTC, worth about $86.476 billion.
💬 Do you think Bitcoin will become a new norm for corporate asset allocation? How might this impact Bitcoin’s price? What’s your recent BTC trading strategy? Post to share your price predictions, market analysis, and strategies with us using the topic tag!
🎁 Meanwhile, Gate’s BTC Staking event is in full swing! Simply stake your BTC and earn up to 3% APY. Click the link to start staking and enjoy your earnings: https://ww
Robinhood ($HOOD) Crashes 18% to $0.0001053 Is a Collapse Below $30 Next?
Robinhood ($HOOD) is forming a head-and-shoulders pattern, indicating a potential decline toward $33.40 if support at $46.82 breaks.
Despite an 18.18% drop, $HOOD sees strong market engagement, with nearly 6,800 transactions and a trading volume of $980.48K in 24 hours.
A breakdown below this key level could accelerate losses, while a rebound above $50 may offer temporary relief for bullish traders.
Robinhood Markets Inc. ($HOOD) is showing signs of potential downward movement as technical analysis suggests the formation of a head-and-shoulders pattern. This bearish reversal signal indicates the stock may be heading toward lower levels if critical support is breached
Current Market Performance and Key Figures
Robinhood ($HOOD) is currently trading at $0.0001053, reflecting a sharp daily decline of 18.18%. The market cap stands at $4.65 million, with a fully diluted valuation (FDV) mirroring the same value. Liquidity sits at $555.56K, while the 24-hour trading volume has reached $980.48K. The token has seen a total of 6,779 transactions, with 3,669 buy orders and 3,110 sell orders. With 82.36K holders, the market sentiment appears mixed as trading activity remains high.
Technical Analysis: Head-and-Shoulders Formation
According to analyst Ali, the $HOOD stock chart displays a head-and-shoulders pattern ,a widely recognized bearish indicator. The neckline, a key support level, is positioned around the $46.82 mark.
The stock previously surged to a high of approximately $64 before reversing and forming the right shoulder. With prices currently hovering near the neckline, a confirmed breakdown below this level could lead to a steep drop toward $33.40
Market Implications and Future Trends
The failure of $46.82 support has the potential to activate a large sell-off which may drive the stock toward the $33.40 range. The current market conditions would likely boost bearish momentum if price breaks past this point. On the other hand, if buyers step in and defend the neckline, a temporary rebound could occur, but a sustained recovery would require reclaiming key resistance levels above $50.
Robinhood ($HOOD) is at a critical juncture as technical indicators point toward a potential bearish shift. The formation of a head-and-shoulders pattern suggests further downside risk if support fails to hold
The post Robinhood ($HOOD) Crashes 18% to $0.0001053 Is a Collapse Below $30 Next? appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.