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

Source: CryptoNewsNet Original Title: Rain Price Hits New All-Time High, But Chart Shows This Is Just The Beginning Original Link: Rain has extended its upward trend, reaching a fresh all-time high over the past two days. The rally has been driven largely by long-term holders, whose sustained accumulation pushed the RAIN price to new records.

While the breakout reflects strong demand, the underlying price structure suggests the move may be part of a broader advance.

Rain Whales Move To Buy

Whale activity has played a decisive role in Rain’s recent surge. Over the last 48 hours, addresses holding between 1 million and 100 million RAIN accumulated a combined 165 million tokens. At current prices, this buying is valued at roughly $1.66 million, highlighting growing conviction among large holders.

This accumulation trend has provided consistent support during the rally. Large holders often influence short-term price direction by absorbing supply. If this behavior continues, it could sustain upward momentum and reduce the risk of abrupt pullbacks, reinforcing Rain’s bullish structure.

Momentum indicators align with the positive sentiment. The Money Flow Index has trended higher and remains above the neutral 50 level. MFI measures buying and selling pressure using both price and volume, offering insight into demand strength.

The indicator’s position in the positive zone signals that RAIN selling pressure has largely faded. Buying interest now dominates market activity. Such conditions often support trend continuation, especially when accompanied by steady accumulation from larger market participants.

RAIN Price Could Be Looking At a Breakout Rally

RAIN trades near $0.0100 at the time of writing after setting a new all-time high at $0.0105 within the last 48 hours. In reaching that level, the altcoin confirmed a bullish price pattern, reinforcing the broader upside narrative forming on the chart.

The developing, broadening ascending wedge points to expanding volatility with a bullish bias. This pattern suggests a potential 15% upside upon confirmation. A successful breakout could lift RAIN beyond its current high, provided investor support and capital inflows remain consistent.

The bullish outlook weakens if momentum stalls. A lack of fresh inflows or profit-taking by holders could pressure price action. Under that scenario, RAIN may slip below the $0.0100 support. A breakdown could send the token toward $0.0090, invalidating the bullish thesis and delaying further upside.