Nasdaq Invests $100 Million in Kraken's Parent Company Payward
📊 COIN — Piyasa Yorumu
▲ up · 55%The news reports that Nasdaq is investing $100 million in Payward, the parent company of Kraken. This signals increased institutional interest in crypto exchanges, a positive sign for sector stocks like COIN. However, COIN has dropped 8.8% in the last 24 hours, with an RSI of 34 nearing oversold territory and a negative MACD. Technical indicators are weak, so the impact of the news may be limited. A short-term bounce could occur, but additional confirmation is needed for a trend reversal.
📊 HOOD — Piyasa Yorumu
■ neutral · 40%The news reports that Nasdaq is investing $100 million in Payward, the parent company of Kraken. This development is not directly related to HOOD; however, increased institutional interest in the crypto market could be indirectly perceived as positive for HOOD through its crypto trading volumes. Technical indicators are mixed: the price has dropped 6.9% in 24 hours, RSI at 41 is weak, MACD is below the signal line, and it is trading below the SMA20. In the short term, the impact of the news may be limited; due to the current downtrend and weak momentum, the upside potential is low. Therefore, I foresee a neutral outlook.