RAIN Price Hits ATH – But Holders’ Discrepancy Fails New High
RAIN briefly hit an all-time high near $0.0100, driven by whale accumulation, but broader market caution is preventing a sustained breakout.Summary
The RAIN token experienced a sharp 24-hour recovery, pushing its price to a new all-time high (ATH) near $0.0100. This rally is strongly supported by significant accumulation from whale addresses (holding 10M to 100M RAIN), who have increased their holdings by 394 million tokens worth about $3.79 million over the last 10 days.
However, this whale activity contrasts with broader market sentiment, as indicated by the Chaikin Money Flow (CMF) indicator showing declining inflows. This divergence suggests that retail and mid-sized investors are cautious, limiting the overall buying pressure needed for a decisive breakout above the $0.0100 resistance level.
Currently trading around $0.0096, RAIN is struggling to maintain its gains. If broader market inflows continue to weaken, the price risks falling back to the $0.0090 support zone, potentially invalidating the current bullish structure.
(Source：BeInCrypto)