HOOD has been one of the best-performing crypto-related stocks recently. I already said clearly in a tweet on April 30 that 63.52 would likely act as the phase low, and that you should look for opportunities to go long; afterward, HOOD’s subsequent upside reached 65%+.

Why has HOOD stood out from among the many crypto-related stocks? The core reason is just one thing—Robinhood Chain.

If this chain really runs in the future, what HOOD earns won’t be only the money from trading, but the money from the entire on-chain financial ecosystem. So the market’s repricing of HOOD is, at its core, a repricing of its ceiling.

The ceiling of a trading platform and the ceiling of a financial public chain are completely different things.

On the technical side, the key to watch next is 93.1—this is the lifeline. As long as the daily candlestick body doesn’t fall below 93.1, the selloff that started from 120 should be viewed first as a pullback against the rally from 63.52 to 120. If the adjustment ends above 93.1, then after completing the adjustment it will continue to rise. #hood $HOODX ‌