Robinhood and Webull Decline Amid NASDAQ 100 Sell-Off and Crypto Drop

NDX has declined 2.46% from its last close, with the RSI approaching oversold territory at 34.97. However, the MACD line remains below the signal line and in negative territory. The price is trading below both the 20-day and 50-day moving averages, indicating short-term weakness. News headlines suggest that a sell-off in equity and crypto markets is weighing on investor confidence. Therefore, the short-term downtrend is likely to persist, though some recovery may occur due to oversold conditions.

HOOD shares have lost 7.6% in the last 24 hours, falling to 102.90. Although the RSI at 31.6 approaches oversold territory, the MACD line remains below the signal line and in negative territory, confirming weak momentum. The price is trading well below the 20-day and 50-day moving averages (110.54 and 111.77, respectively), deteriorating the technical outlook. News headlines indicate that the sell-off in the NASDAQ 100 and the decline in cryptocurrencies have negatively impacted platforms like Robinhood and Webull. While the risk of continued selling pressure in the short term is high, a potential rebound buying cannot be ruled out due to the oversold conditions.

The news headline highlights selling pressure on crypto and technology stocks, creating a negative catalyst for COIN. Technical indicators also confirm weakness: RSI is in the neutral-to-bearish zone at 40, MACD is below the signal line, and the price is trading below both the 20-day and 50-day moving averages. In the short term, selling pressure is likely to persist, but since the asset has not entered oversold territory, the pace of decline may remain limited. Therefore, while the direction is bearish, confidence is assessed as medium-high.