Rain Raises $250 Million to Expand Global Stablecoin Infrastructure
- Significant Funding: Rain raised $250 million in a Series C round led by ICONIQ, pushing its valuation to $1.95 billion, reflecting strong investor interest in stablecoin infrastructure.
- Market Expansion Plans: The new capital will be used to secure licenses and expand operations across North America, South America, Europe, Asia, and Africa, aiming to drive widespread adoption of stablecoins through compliant infrastructure.
- Surge in Transaction Volume: Rain currently supports over 200 partners and processes more than $3 billion in annualized transaction volume, with its active card base increasing 30-fold over the past year, indicating strong demand for stablecoin payment solutions.
- Compliance Challenges: Despite the rapid growth of the stablecoin market, Rain must navigate regulatory compliance challenges to ensure its card programs and payment flows meet anti-money laundering and sanctions requirements for successful expansion into new markets.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 0 technical signals, shows that 0 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for 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, 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 $-.
() Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | - | - | - | - | - | - | - |
| Fibonacci | - | - | - | - | - | - | - |
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