Rain Secures $250M Funding at $1.95B Valuation, Led by ICONIQ
- Massive Funding Round: Rain has successfully raised $250 million, achieving a valuation of $1.95 billion, which reflects strong investor confidence in the future of blockchain payment systems and marks a significant milestone in the digital assets sector.
- Strong Investor Syndicate: The funding round was led by ICONIQ Capital, with participation from top venture firms like Sapphire Ventures and Dragonfly Capital, indicating a growing recognition and maturation of the stablecoin tools market.
- Infrastructure Development Focus: Rain specializes in providing the foundational infrastructure for businesses to integrate stablecoin payments, optimizing transaction routing, compliance, and fiat conversions, and is expected to use the new capital to expand its engineering, sales, and compliance teams, enhancing its competitive edge.
- Broad Market Potential: As global financial technology transforms, Rain's technology will facilitate fast and cost-effective cross-border payments, with stablecoins anticipated to become standard in e-commerce and B2B payments over the next decade, driving long-term growth for the company in this sector.
Get Real-Time Alerts for Any Crypto Movement
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 |
About the author
