"If the Fed is hawkish, a sell-off is coming"...Will the rally continue for the top 3 crypto stocks, including Coinbase?

▲ Coinbase (COIN), Strategy (MSTR), Robinhood (HOOD)/AI generated image

Ahead of the release of the U.S. Federal Reserve minutes on July 8, volatility warning lights have been lit for three cryptocurrency-related stocks. Coinbase, Strategy, and Robinhood are testing key price levels.

According to crypto media outlet Coingape on July 5 (local time), the Federal Reserve (Fed) will release the minutes of the June Federal Open Market Committee (FOMC) on July 8. The inflation rate in May recorded 4.2%. The CME FedWatch Tool shows that 54% of investors anticipate a 25bp interest rate hike in September.

Coinbase (COIN) rose 18% over five trading days. With the $148 support level held, $176 was suggested as the next resistance level. Trading volume from June 29 to July 1 was 47 million shares. On-Balance Volume also indicated buying dominance. If buying pressure continues, the May high of $222 was suggested as the next target.

Strategy (MSTR) rose from $82 to $100 from June 29 to July 2. Strategy announced plans to sell $1.25 billion worth of Bitcoin (BTC) to increase its dollar reserves and repurchase MSTR and STRC. MSTR needs to surpass the 20-day exponential moving average of $109 to confirm bullish dominance. Subsequently, the June 15 high of $136 was suggested. The Relative Strength Index rose from 24 on June 25 to 40 on July 2.

Robinhood Markets (HOOD) closed up 3.76% at $112 on July 2. During intraday trading, it rose to $120, reaching its highest level since January 2026. The launch of cryptocurrency trading in the UK and indefinite futures services in the European Union were cited as reasons for the rise. HOOD surpassed its 200-day simple moving average of $107. The Relative Strength Index is 67, and if additional buying pressure continues, $139 was suggested.

Analysis suggests that if the July 8 minutes are interpreted as hawkish, selling pressure on risk assets could increase. Conversely, dovish content could stimulate buying interest in cryptocurrency-related stocks. If HOOD falls below $107, $100 was suggested as the next psychological support level.

[Article Summary]

-Ahead of the Fed minutes on July 8, Coinbase, Strategy, and Robinhood are testing key price levels.

-The CME FedWatch Tool shows that 54% of investors anticipate a 25bp interest rate hike in September.

-For a bullish trend, $222 for COIN, $136 for MSTR, and $139 for HOOD were suggested as key targets.

*Disclaimer: This article is for investment reference only, and we are not responsible for any investment losses based on it. The content should be interpreted for informational purposes only.*