Robinhood has launched 500 stock tokens on the Arbitrum blockchain, marking a new single-day record for the platform. This strategic move has sparked significant interest in Robinhood's price trajectory, with current trading near $117.17 and approaching a key resistance level at $120.
Price prediction models indicate that Robinhood's token, $HOOD, could reach between $130 and $153.86 by 2026. Technical indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) present mixed signals. A breakout above the $120 resistance could trigger a bullish trend, while a decline below $115 might push the price towards $100.
Robinhood Launches 500 Stock Tokens on Arbitrum, Sets New Record
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