Rain Secures $250M to Expand Global Stablecoin Payments
- Successful Funding: Rain has completed a $250 million Series C funding round led by ICONIQ, elevating its valuation to $1.95 billion, demonstrating strong market confidence in stablecoin payment infrastructure.
- Global Expansion Plans: The funding will support Rain's expansion across five continents, particularly integrating with US ACH and European SEPA systems to enhance the reach and convenience of stablecoin transactions.
- Market Trend Opportunity: CEO Farooq Malik highlighted a 38x increase in annualized payment volume for stablecoins, reflecting growing global acceptance and further driving the company's strategic positioning in the digital payments sector.
- Industry Support: Kamran Zaki from ICONIQ noted that the shift towards programmable digital asset infrastructures is key to their investment strategy, indicating strong confidence from industry leaders in Rain's future growth.
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Technical Analysis for
Technical Sentiment Analysis for () As of , () 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 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 | 0.00463 | 0.00643 | 0.00796 | 0.00976 | 0.0113 | 0.0131 | 0.0146 |
| Fibonacci | 0.00643 | 0.0077 | 0.00849 | 0.00976 | 0.011 | 0.0118 | 0.0131 |
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