Robinhood Stock Surges to $108.16 Amid Crypto Rally

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

The technical structure of the stock is firmly in bullish territory. The daily chart shows price well above all three key moving averages - EMA20, EMA50, and EMA200 - with a fresh MACD crossover confirming upward momentum.

However, the hourly RSI14 has reached overbought territory at 74.35, signaling elevated short-term risk despite the bullish structure. The 15-minute chart shows momentum cooling near resistance despite the intact bullish trend.