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Robinhood Lists Pyth Network Token as Price Holds $0.05 Support and Derivatives Activity Jumps

Robinhood’s reach is channeling liquidity toward PYTH, putting a potential double‑bottom breakout in view.

Pyth price forms support at $0.05 on robinhood listing, potential 65% upside in play
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Overview

  • Robinhood confirmed PYTH is now tradable on its platform, including for customers in New York.
  • The token rallied roughly 17% to an intraday high near $0.067 after the listing and later traded around $0.061 while defending the $0.05–$0.0533 support zone.
  • On-chain data reported whale holdings rose about 6.6% within hours of the news to approximately 42.68 million PYTH.
  • Futures activity accelerated with open interest up about 18% and a negative weighted funding rate, a setup that can increase short‑squeeze risk.
  • Technical analysis highlights a possible double bottom with a $0.074 neckline, with resistance levels at $0.0813, $0.1291, and $0.1720 and a potential target near $0.10 if confirmed.