Rain Raises $250 Million, Valued at $1.95 Billion
- Funding Achievement: Rain successfully raised $250 million in its recent Series C funding round, achieving a valuation of $1.95 billion, highlighting the growing significance of stablecoin payment infrastructure in the market.
- Market Expansion: Since its founding in 2021, Rain now supports over 200 organizations and handles more than $3 billion in annual transactions, with its active card base increasing 30-fold, indicating rapid expansion in global markets.
- Investor Confidence: The funding round was led by ICONIQ Growth and included notable investors such as Sapphire Ventures, Dragonfly, and Bessemer Venture Partners, reflecting strong confidence in Rain's enterprise-grade stablecoin payment infrastructure.
- Future Strategy: Rain plans to leverage this investment to enhance its platform capabilities and invest in new products, aiming to create a seamless experience for stablecoin payments while maintaining a compliant footprint across North America, South America, Europe, Asia, and Africa to promote widespread adoption.
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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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