Robinhood Chain Mainnet LaunchThe primary catalyst for the market movement is the public mainnet launch of Robinhood Chain, a specialized Layer-2 blockchain network built on Arbitrum technology.The upward momentum coincided with a positive analyst update. Mizuho maintained an Outperform rating on Robinhood Markets and raised its price forecast on the stock from $115 to $130.Expanded DeFi and AI Product SuiteRobinhood also introduced Robinhood Earn, a lending product enabling eligible U.S. customers to deploy dollar-backed USDG stablecoins via self-custody wallets for an estimated 7% annual percentage yield (APY).Furthermore, the company expanded its Agentic Trading technology into cryptocurrencies, introducing Agentic Accounts to let users connect AI models to the trading infrastructure for automated market analysis.June Trading Volumes Provide SupportThe operational updates build on a strong trading backdrop reported by the company. Through June 25, Robinhood recorded equity notional trading volumes of approximately $343 billion, options contracts traded of about 274 million, and crypto notional trading volumes of around $14 billion. Event contracts traded reached approximately 5.2 billion.Critical Levels To Watch for HOOD StockHOOD is extended to the upside versus its key trend gauges, trading 17.6% above the 20-day SMA ($95.57) and 30.6% above the 50-day SMA ($86.06), which signals strong intermediate momentum but also raises the odds of sharper pullbacks if buyers pause. It’s also 9.8% above the 200-day SMA ($102.38), keeping the longer-term trend constructive even after the stock’s earlier volatility.The moving-average picture is mixed under the hood: the 20-day SMA is above the 50-day SMA (bullish), but the 50-day SMA remains below the 200-day SMA following the death cross in February.