Rain Raises $250 Million, Valuation Hits $1.95 Billion, Accelerating Global Expansion of Stablecoin Payment Cards
- Funding Achievement: Rain announced a successful raise of $250 million, elevating its valuation to $1.95 billion, with the funds aimed at enhancing engagement with regulators to secure necessary licenses, thereby supporting its global expansion strategy.
- Market Trend: Stablecoin transaction volumes surged by 72% to $33 trillion, reflecting a rapid increase in investment and adoption of stablecoin payment infrastructure under favorable U.S. policies, indicating deeper integration of cryptocurrency into global payment flows.
- Global Coverage: Rain's stablecoin cards, issued through the Visa network, are valid in over 150 countries, enabling users to make payments and withdrawals in dollars, significantly enhancing financial service accessibility in regions with unreliable local currencies.
- Future Outlook: According to Bloomberg Intelligence, stablecoin payments are projected to grow at a compounded annual rate of 81%, reaching $56.6 trillion by 2030; despite skepticism from some analysts regarding the lack of incentives, industry investors remain optimistic about its dominance in the fintech sector.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () is exhibiting a Strong sell technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 1 indicators are flashing buy, while 5 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 | 0.00654 | 0.00738 | 0.00836 | 0.0092 | 0.0102 | 0.011 | 0.012 |
| Fibonacci | 0.00738 | 0.00808 | 0.00851 | 0.0092 | 0.0099 | 0.0103 | 0.011 |
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