Rain Raises $250 Million in Series C to Accelerate Global Expansion
- Significant Funding: Rain raised $250 million in its Series C funding round, valuing the company at $1.95 billion, which solidifies its market position in the stablecoin infrastructure sector.
- Clear Use of Funds: The capital will be used to expand into licensed markets across North America, South America, Europe, Asia, and Africa, supporting enterprises in scaling payment solutions, which is expected to enhance the company's global penetration.
- Rapid Transaction Growth: The Rain platform now supports over $3 billion in annualized transaction volume, reflecting a 38x increase from last year, indicating strong demand and market acceptance for stablecoin payments.
- Expanded Customer Base: The number of active card users at Rain has grown 30x over the past year, demonstrating accelerating adoption of digital asset payments by enterprises, which further enhances the company's competitive edge in the market.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE) As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 5 indicators are flashing buy, while 1 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.00245 | 0.00654 | 0.0147 | 0.0237 | 0.0319 | 0.0409 | 0.0491 |
| Fibonacci | 0.00654 | 0.0131 | 0.0172 | 0.0237 | 0.0303 | 0.0343 | 0.0409 |
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