Robinhood Listing Sparks 10% Spike Before Retracement

• Pyth Network surged 10% to $0.068 following Robinhood’s announcement that PYTH is now available for trading, including in New York.
• Price has retraced to $0.0614 as traders take profits, but the listing expands retail access to Pyth’s oracle network token.
• A descending triangle pattern on the daily chart approaches resolution as price consolidates between $0.053 support and declining resistance.

Pyth Network price today trades near $0.0614 after spiking 10% on news that Robinhood has listed PYTH for trading. The initial surge to $0.068 has faded as traders took profits, but the listing represents a significant expansion of retail access to the oracle network token.

Robinhood Listing Expands Retail Access

Robinhood announced that PYTH is now available on its crypto platform, including for users in New York. The listing provides exposure to Pyth Network for Robinhood’s large retail user base, many of whom may not have access to the token through other exchanges.

New York availability is particularly significant given the state’s strict crypto regulations. Many tokens remain unavailable to NY residents, making the Robinhood listing a notable distribution channel for Pyth.

The initial price response saw PYTH spike from $0.058 to $0.068 within hours of the announcement. However, the move has largely retraced as traders faded the pump, a common pattern following exchange listing news.

Whether the listing generates sustained demand depends on whether Robinhood users view Pyth’s oracle infrastructure as an attractive investment thesis. The token powers price feeds across DeFi, providing data for protocols that require reliable off-chain information.

Price Fades Initial Spike

The intraday chart shows the listing dynamics clearly. On the 30-minute timeframe, PYTH had been forming an ascending trendline from the January 26 low near $0.054 before the Robinhood news triggered a vertical spike.

Price reached $0.068 before sellers emerged, pushing it back toward the pre-announcement levels. RSI has returned to 50.45, neutral territory after the volatility spike. MACD is flat near zero, reflecting the consolidation following the failed breakout.

The $0.062 level now acts as a pivot. Holding above this zone would suggest the listing has generated some lasting demand. A drop back below $0.060 would indicate the pump has completely faded.

Descending Triangle Dominates Daily Structure

On the daily chart, PYTH trades inside a descending triangle that has contained price since October. The pattern shows lower highs compressing against horizontal support near $0.053, with the lower Bollinger Band now converging at this level.

Price sits near the 20-day EMA at $0.0613 and the Bollinger Band middle line at $0.0625. The EMAs stack bearishly above current price:

• Immediate resistance: $0.0658 (50 EMA)
• Major resistance: $0.0717 (BB upper)
• Trend resistance: $0.0784 (100 EMA)
• Long-term resistance: $0.0978 (200 EMA)
• Triangle support: $0.053
• BB lower support: $0.0533
• Breakdown target: $0.040

The triangle pattern typically resolves with breakdowns, but strong support combined with fundamental catalysts can trigger upside breakouts. The Robinhood listing adds a potential catalyst that did not exist previously.

Outlook: Will The Listing Drive Sustained Demand?

The setup presents a listing catalyst meeting a bearish technical structure. The initial pump has faded, but the expanded retail access could generate gradual accumulation over time. Resolution depends on whether Robinhood users provide sustained buying interest.

• Bullish case: Price holds above $0.060 and the listing generates steady retail inflows. A close above $0.065 breaks the descending trendline and targets $0.072 to $0.078.
• Bearish case: The listing pump fully fades and price returns to test $0.053 triangle support. A close below $0.053 confirms the breakdown and targets $0.040.