Rain Secures $250M Funding Led by ICONIQ, Valuing Company at $1.95B
- Funding Expansion: Rain has completed a $250 million Series C funding round led by ICONIQ, bringing its total funding to over $338 million and valuing the company at $1.95 billion, reflecting strong market confidence in its stablecoin payment infrastructure as it grew over 17 times in just 10 months.
- Market Expansion Plans: The new funding will enable Rain to expand compliant solutions in key licensed markets across North America, South America, Europe, Asia, and Africa, further enhancing its global operational capabilities to meet the rising demand from enterprises.
- Platform Enhancement: Rain will utilize this capital to deepen its full-stack stablecoin payments platform, including strategic acquisitions to bolster its technological capabilities, thereby maintaining a competitive edge in the rapidly evolving payments industry.
- User Base Growth: Over the past year, Rain's active card base has increased 30 times, and its annualized payment volume has surged by 38 times, indicating a rapid increase in market penetration within the stablecoin payment sector, with potential to attract more enterprise clients in the future.
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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 | 0.00739 | 0.00836 | 0.00921 | 0.0102 | 0.011 | 0.012 |
| Fibonacci | 0.00739 | 0.00808 | 0.00851 | 0.00921 | 0.0099 | 0.0103 | 0.011 |
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