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Crypto

Robinhood Stock Surges on Crypto Rally, Renewed Regulation Hopes

Guavy AI Editorial Team
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Robinhood Markets, Inc. stock has surged to $108.16 on August 21, driving a sharp crypto-fueled rally in the market.

The daily range for HOOD stock stretched from $98.80 to $109.70 after a 4.9% pre-market jump, firmly placing the technical structure in bullish territory.

The daily chart shows a decisively bullish trend with price above EMA20, EMA50, and EMA200, backed by a fresh MACD crossover.

Renewed hopes around U.S. cryptocurrency regulation have been cited as the catalyst behind Friday's pre-market jump of nearly 4.9%, further driving up HOOD stock prices.

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