HOOD Price Plunges but Smart Money Remains Bullish

HOOD's price dropped by 3.3% in the past 24 hours to $118.94, but despite this decline, top traders and institutional desks are heavily skewed long.

This suggests that the recent drop is just a pullback within an overall uptrend, as HOOD is still trading above its 200-day moving average by around 33%.

The momentum indicators, such as the MACD histogram, have flatlined to zero, indicating a dead heat between buyers and sellers. However, the RSI sits at 59, providing clean runway for buyers if they can retake control of the tape.

The tokenized structure of HOOD on Binance means that price discovery is continuous, with every macro whisper hitting the order book immediately.