Robinhood Q4: Crypto Drop, SOL Technical Analysis

Robinhood Q4 Earnings and Crypto Performance

Robinhood's fourth quarter net revenue reached $1.28 billion, missing analyst expectations of $1.34 billion, but increased 27% year-over-year. Crypto-based revenues fell 38% compared to last year to $221 million due to the crypto market decline since October. The company's quarterly net profit declined 34% to $605 million, while earnings per share came in at 66 cents, slightly above the expected 63 cents. The stock (HOOD) fell 7.66% in after-hours trading to $79.04.

On an annual basis, net revenues rose 52% to a record $4.5 billion, and net profit increased 35% to $1.9 billion. Crypto trading volumes rose 3% quarter-over-quarter to $82.4 billion, while equity volumes increased 10%, and options contracts rose 8%. Other transaction-based revenues (including prediction markets and futures) surged 375% to $147 million, surpassing equity revenues. CEO Vlad Tenev stated that the company continues its Financial Super App vision.

Robinhood’s stock fell sharply on its recent earnings after missing analyst expectations. Source: Google Finance

SOL Market and Institutional Purchases

Despite the market downturn, Goldman Sachs attracted attention with purchases including $108 million in detailed SOL analysis along with BTC ($1.1 billion), ETH ($1 billion), and XRP ($153 million). On February 9 ETF flows, BTC saw $144.9 million and ETH $57 million in net inflows. This institutional interest could support Robinhood's crypto volumes.

SOL Technical Outlook and Support Levels

SOL price $82.33 (-4.71%), RSI 27.22 (Oversold). The downtrend continues, EMA20: $100.65.

• Supports: S1 $79.41 (strong, 73%), S2 $67.50 (70%)
• Resistances: R1 $87.48 (75%), R2 $96.27 (61%)

SOL futures should be monitored. Supertrend bearish.