Over the weekend, the U.S. digital brokerage Robinhood (NASDAQ: HOOD) announced the addition of micro futures products for XRP and Solana, and launched a micro version of its existing Bitcoin Friday futures, further enriching its cryptocurrency product line. Micro futures contracts have a lower capital threshold compared to standard futures. Earlier this year, Robinhood launched cash-settled cryptocurrency futures, including Bitcoin, micro Bitcoin, Bitcoin Friday, and Ethereum. Additionally, this month, Robinhood just completed a $200 million acquisition of the cryptocurrency exchange Bitstamp and intends to acquire WonderFi, supported by Kevin O'Leary, to accelerate its global expansion.
Once the news broke, SOL chose to break out with volume over the weekend. And the overall market welcomed a rebound upwards. The short-term target is around 158-160.
The small-level pullback held at 148, and we will continue to look for higher positions.
Above: 153-158
Below: 147.5/143