- Robinhood Stock has strong support levels at around $102 with RSI showing neutral momentum for today’s trading session.
- Robinhood Chain generated daily revenue of $2.66 million from its app as GMGN and Pons were the most active tokens on August 31, 2026.
- Robinhood Chain is behind both Hyperliquid and Ethereum within 30 days although it is leading in revenue generation within one day.
Robinhood stock closed at $104.26 after falling 5.01%, or $5.50, from the previous close of $109.76, according to Google Finance data. Pre-market trading showed a modest recovery, with the stock rising 0.65%, or $0.68, to $104.94.
Source: Google Finance
Technical analysis of the HOODB/USDT chart on a daily timeframe indicates that there was consolidation of prices after an impressive upswing in price. This currency was trading at $104.98, between its 20-day simple moving average price of $102.14 and its upper Bollinger band of $114.23.
Robinhood Stock Holds Key Technical Support
The relative strength index stood at 52.63, compared with its moving average at 53.89. The reading placed momentum in a neutral area and did not indicate an overbought condition.
The Fibonacci lines demonstrated that the price was in an area of important support and resistance levels. The asset was above the Fibonacci level of 0.786 at $103.24 while being below the Fibonacci level of 1.0 at $106.75 at $104.85. The further support levels were at $100.49 (0.618) and $98.56 (0.5).
Source: Trading View
The price also rested near dynamic EMA support around $103.02. The technical setup therefore placed $102.14 and $103.02 among the levels being watched for continued consolidation.
A move above $114.23 would mark a break above the upper Bollinger Band, while a loss of support could expose the asset to downside risk toward $90.04.
Robinhood Chain Records $2.66M in Daily App Revenue
Away from the stock chart, Robinhood’s blockchain activity provided another data point for investors following the company’s on-chain strategy.
Robinhood Chain recorded $2.66 million in app revenue over a 24-hour period on August 31, according to DeFiLlama data. The figure placed the network above Hyperliquid L1 at $1.70 million and Ethereum at $1.28 million during the same period. Solana ranked higher with $5.07 million.
The daily figure was concentrated among three applications. GMGN, a Telegram trading bot, generated $803,000, while Pons, a launchpad and swap platform native to Robinhood Chain, contributed $632,000. Uniswap generated $235,000 after its fee switch on Robinhood Chain went live on July 27.
Together, the three applications accounted for approximately 88% of the chain’s app revenue during the period.
The activity was primarily associated with trading, launchpad and memecoin-related flows rather than the tokenized stock infrastructure Robinhood has highlighted. Robinhood CEO Vlad Tenev wrote in a July post on X that the chain “works great for memes too.”
Chain Revenue Adds Another Metric
Robinhood Chain also generated $495,000 in net gas revenue during the same period after Ethereum Layer 1 costs and the 10% Arbitrum Expansion Program share were deducted.
Under that arrangement, 8% of the relevant share goes to the Arbitrum DAO treasury and 2% to the developer guild. The Arbitrum Foundation collected $44,000 from the chain during the day.
The 24-hour revenue figure differs from the longer-term performance of competing networks. Hyperliquid recorded $53.41 million in app revenue over 30 days, compared with $23.23 million for Robinhood Chain. Ethereum recorded $45.8 million during the same period.
The comparison places the August 31 figure within a shorter measurement window rather than establishing a longer-term revenue lead for Robinhood Chain.
Robinhood Chain Targets Tokenized Assets
Robinhood Chain launched on July 1, 2026, as an Ethereum Layer 2 built using the Arbitrum Orbit stack. The network uses Chain ID 4663, has ETH as its gas token and records block finality in approximately 100 milliseconds.
Tenev also said the network reached 100 million transactions faster than any other EVM chain.
The chain’s stated focus includes real-world assets, with Robinhood developing stock tokens and tokenized equity products. Stock Token DEX cumulative volume had crossed $1.5 billion by late August, according to a Robinhood Crypto post on X.
The blockchain activity comes as Robinhood’s core crypto business faces a different revenue trend. Crypto trading revenue fell 38% year over year to $100 million in the second quarter, according to the information provided.
FAQs
What is the current technical support for Robinhood stock?
The key technical support levels identified are the $102.14 20-day SMA and the EMA support around $103.02. Fibonacci support also appears at $103.24, $100.49 and $98.56.
What could signal bullish continuation?
A move above the $114.23 upper Bollinger Band would represent a break above the stated resistance level and could signal bullish continuation.
How much app revenue did Robinhood Chain record?
Robinhood Chain recorded $2.66 million in app revenue over the cited 24-hour period on August 31.
