Rain Secures $58M Series B Funding Led by Sapphire Ventures for Global Expansion
- Successful Funding: Rain has completed a $58 million Series B funding round led by Sapphire Ventures, with the capital aimed at expanding its global infrastructure, highlighting the growing importance of stablecoins in global commerce.
- Technological Growth: This funding will enhance Rain's integration capabilities with Visa's network, as CEO Farooq Malik states that stablecoins are becoming the backbone of global commerce, driving the company's strategic expansion across Europe, MENA, and the Asia-Pacific regions.
- Compliance-First Approach: The new capital will focus on boosting Rain's platform globally, ensuring easier integration of digital assets in markets where regulation permits, emphasizing compliance-first solutions to achieve enterprise-ready outcomes.
- Market Prospects: Stablecoins have reached hundreds of billions in circulation but were previously difficult to spend; Rain is addressing this by connecting stablecoins to Visa's global network, facilitating a historic transformation in digital payments.
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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 | -0.00242 | 0.00655 | 0.0148 | 0.0237 | 0.0319 | 0.0409 | 0.0491 |
| Fibonacci | 0.00655 | 0.0131 | 0.0172 | 0.0237 | 0.0303 | 0.0343 | 0.0409 |
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