Can RAIN Token Hit Another All-Time High This Week?
RAIN token's breakout structure targets a new all-time high near $0.0110, but fading momentum and bearish divergences signal potential seller returns.Summary
The RAIN token price has rallied nearly 40% in the last month, maintaining an inverse head-and-shoulders breakout structure that projects a new all-time high (ATH) above $0.0110, more than 10% above current levels.
On-chain data supports this short-term bullish outlook, as spent coins activity has collapsed by nearly 76%, indicating holders are restraining from selling. However, momentum indicators suggest caution: the Relative Strength Index (RSI) shows a bearish divergence (lower high on RSI despite a higher high in price), and the Money Flow Index (MFI) is trending lower, signaling weakening buying pressure.
If RAIN reaches the projected ATH zone, moderate profit-taking could trigger a reversal. Key levels to watch are $0.0110 for confirmation of expansion toward $0.0128, or a drop below $0.0099 to signal the initial weakening of the current setup, with $0.0082–$0.0081 being the critical invalidation point for the recent structure.
(Source：BeInCrypto)