Crypto stocks, such as Coinbase (NASDAQ:COIN) and MARA Holdings
Crypto stocks, such as Coinbase (NASDAQ:COIN) and MARA Holdings (NASDAQ:MARA), are down 4% on Monday, with Robinhood Markets Inc. (NASDAQ:HOOD) showing notable relative strength.
HOOD Holding Major Fibonacci Support
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Robinhood is sitting between the 0.236 Fibonacci retracement at $75.45 and 0.382 Fib at $78.86.
This compression zone needs to break upward for the next leg higher.
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Coinbase shares reached a 52-week high on Wednesday after a stablecoin bill passed the Senate last week.
The all-cash deal was announced last June and officially closed on Monday.
