Robinhood Stock Hits $108.16 Amid Crypto Rally

The stock price of Robinhood Markets, Inc., HOOD, surged to $108.16 on August 21, driven by a sharp crypto-fueled rally. The daily range extended from $98.80 to $109.70 after a 4.9% pre-market jump.

The technical structure is firmly in bullish territory, with price above its EMA20, EMA50, and EMA200 moving averages. However, the hourly RSI14 has reached overbought territory at 74.35, signaling elevated short-term risk despite the bullish trend.

The daily chart shows a decisively bullish signal, with price well above all three key moving averages and a fresh MACD crossover confirming upward momentum. The news backdrop reinforces the technical strength, with Bitcoin's surge and renewed crypto regulation optimism driving the rally.