- $60,000 support has held, triggering a short-term bounce
- Rising price on declining volume, signaling weak bullish conviction
- Rejection at VWAP and 0.618 Fibonacci, reinforcing local resistance
The daily timeframe chart shows that the HOOD stock price remains in a strong downward trend, moving from a high of $154 in October to the current $82.
Robinhood remains below the 50% Fibonacci Retracement and the Supertrend indicator. Worse, the spread between the 50-day and 200-day Exponential Moving Averages has continued to narrow, suggesting it may soon form a death cross pattern.
Therefore, the most likely HOOD share price forecast is highly bearish, with the initial target to watch being at $71.40, its lowest this year. A move below that level will signal further downside, potentially to the 78.6% Fibonacci Retracement level at $60.
Bitcoin’s price has bounced from key support near $60,000, but declining volume and rising overhead resistance are raising concerns that the move may be a bull trap rather than a sustainable recovery.
Bitcoin 
btc0.41%Bitcoin price action has staged a short-term rebound after successfully retesting a major high-timeframe support level near $60,000. While the bounce initially appeared constructive, deeper analysis reveals that the move higher has lacked strong participation.
Declining volume during the rally suggests that bullish momentum remains fragile, increasing the probability that the recent upside is corrective rather than trend-defining.
Bitcoin price key technical points
- $60,000 support has held, triggering a short-term bounce
- Rising price on declining volume, signaling weak bullish conviction
- Rejection at VWAP and 0.618 Fibonacci, reinforcing local resistance
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