TradingKey – Robinhood unleashes multiple positive catalysts to ignite its stock price, with potential to rise further and break through the key resistance level of $110.

On July 1, Eastern Time, fueled by positive news regarding its Web3 transformation and global expansion, Robinhood ( HOOD) shares surged 8.35%, touching an intraday high of $109.53 before closing at $108.65, just a stone’s throw away from the critical $110 resistance level. Once Robinhood breaks through this barrier, its upside potential will be fully unlocked. But how likely is this to occur?

Robinhood dropped a bombshell at its London product launch event, officially launching the mainnet of its self-developed Layer 2 public chain, ‘Robinhood Chain.’ This move is seen…