---
title: "Coinbase, MARA Holdings Plunge 4%, But Why Is HOOD Not Going Down?"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/286801378.md"
description: "Crypto stocks Coinbase and MARA Holdings fell 4% on Monday, while Robinhood Markets showed resilience. Coinbase struggled at resistance levels of $222–$231, retracing towards $185–$190. MARA, after a +94% rally from February, is digesting gains around $13.62. Robinhood is positioned between Fibonacci levels, with support at $75.45 and resistance at $78.86, indicating potential upward movement if it breaks through. Overall, the market dynamics reflect a mixed sentiment in the crypto sector."
datetime: "2026-05-18T16:56:19.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/286801378.md)
  - [en](https://longbridge.com/en/news/286801378.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/286801378.md)
---

# Coinbase, MARA Holdings Plunge 4%, But Why Is HOOD Not Going Down?

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

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.

Every Fibonacci level above represents a clear target ladder: $78.86 → $81.63 → $84.39 → $88.31, with the full swing high retest at $93.32 as the macro target. 

The EMA stack remains bearish overhead with all four declining EMAs stacked as resistance layers.

Support sits at $75.45 (0.236 Fib) then $69.92 lows. First resistance holds at $78.86 then $81.63. Breakout target points to $93–$107. Invalidation occurs on a daily close below $75.

### COIN Fails At $222–$231 Resistance Again

Coinbase dropped 4%, pulling back from last week’s push toward $222–$231 resistance after failing to break the horizontal line that has capped price since mid-2025.

The ascending channel from February’s $142 lows remains intact. Price is retracing toward the channel’s midline around $185–$190. Supertrend at $174.01 is the bull/bear line that matters and hasn’t flipped yet.

Support holds at $185–$190 channel midline then $174 Supertrend. Resistance sits at $222.35 then $231.65. Invalidation occurs on a daily close below $174.

### MARA Digesting +94% Rally From February

MARA also declined 4%, digesting last week’s strong push to $13.62 which tagged the upper Bollinger Band. 

The recovery from February’s $7.00 lows to last week’s $13.62 represents a clean +94% rally, driven entirely by **Bitcoin’s** (CRYPTO: BTC) recovery above $80,000.

All four EMAs are now converging and crossing bullishly—20 EMA $12.03, 100 EMA $10.94, 200 EMA $12.11 all clustering together. This technical realignment hasn’t occurred since October 2025.

Support sits at $12.03 (20 EMA) then $10.99 BB midline. Resistance holds at $13.62 upper BB then $15.00. Invalidation occurs on a daily close below $10.58 lower BB.

_Image: Shutterstock_

### Related Stocks

- [COIN.US](https://longbridge.com/en/quote/COIN.US.md)
- [MARA.US](https://longbridge.com/en/quote/MARA.US.md)
- [REKT.US](https://longbridge.com/en/quote/REKT.US.md)
- [MRAL.US](https://longbridge.com/en/quote/MRAL.US.md)
- [COIG.US](https://longbridge.com/en/quote/COIG.US.md)
- [HOOD.US](https://longbridge.com/en/quote/HOOD.US.md)

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