Rain Secures $250M in Series C Funding, Valuation Reaches $1.95B
- Successful Funding: Rain has successfully completed a $250 million Series C funding round led by ICONIQ, valuing the company at $1.95 billion, reflecting the growing market interest in stablecoin infrastructure that could accelerate enterprise adoption of digital assets.
- Market Expansion Plans: The capital raised will be utilized to expand Rain's global infrastructure across various key licensed markets, which is expected to significantly bolster the use of stablecoins in everyday transactions, thereby increasing the company's market share in the digital payments sector.
- Surge in Payment Volume: CEO Farooq Malik noted a staggering 38-fold increase in annualized payment volume, indicating a rapid rise in demand for stablecoin payments, with the goal of achieving a seamless payment experience to facilitate widespread enterprise adoption.
- Enhanced Confidence in Technology: Kamran Zakif from ICONIQ highlighted Rain's strengths in regulatory readiness and full-stack tech capabilities, indicating the company's potential to redefine payment networks in the evolving digital finance landscape.
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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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