Rain Price Hits New All-Time High, But Chart Shows This Is Just The Beginning

The Rain (RAIN) token has achieved a new all-time high, largely propelled by significant accumulation from whale addresses holding between 1 million and 100 million RAIN, who acquired 165 million tokens over the last 48 hours. This sustained buying from large holders is reinforcing the bullish structure and suggesting continued upward momentum. Technical indicators support this optimism, as the Money Flow Index (MFI) is above the neutral 50 level, indicating that buying pressure currently dominates selling pressure. Chart analysis suggests RAIN is forming a broadening ascending wedge pattern, which points toward a potential 15% upside rally upon confirmation. However, the bullish outlook could be invalidated if momentum fades, potentially leading the price to drop below the $0.0100 support toward $0.0090.

(Source：BeInCrypto)