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Rainfall has extended its upward trend, reaching a new all-time high over the past two days. The increase was largely driven by long-term holders, as the continued accumulation of profits pushed RAIN’s price to new highs.
While this finding reflects strong demand, the underlying price structure suggests that the move may be part of a broader advance.
Transfer of rain unit by purchase
Whale activity played a crucial role The last spell of rain. In the last 48 hours, addresses holding between 1 and 100 million RAIN tokens have accumulated a total of 165 million tokens. At current prices, the value of this purchase is estimated at around $1.66 million, which highlights the growing conviction of the main owners.
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This cumulative trend provided continued support during the rally. Older getters often influence the short-term price trend by absorbing supply. If this behavior continues, it can maintain an upward momentum and reduce the risk of a sudden pullback, reinforcing the bullish Rain structure.
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Momentum indicators are aligned with positive sentiment. The money flow index has become higher and remains above the neutral level 50. The MFI measures buying and selling pressure using price and volume, providing insights into the strength of demand.
The location of the indicator in the positive zone indicates That selling pressure is in RAIN It is largely faded. Buying interest now dominates market activity. These conditions often support trend continuation, especially when accompanied by a sustained accumulation of larger market participants.
The RAIN price can be seen as an explosion
The price of RAIN is trading near $0.0100 at the time of writing after hitting its highest level At all At $0.0105 in the last 48 hours. At this level, the altcoin confirmed a bullish price pattern, reinforcing the broader narrative that is forming on the chart.
A rising and rising wedge indicates expanding volatility with an upward bias. This model indicates a potential upside of 15% after confirmation. A successful rally could lift the RAIN index beyond its current high, as long as investor support and capital inflows remain firm.
The bullish outlook weakens if momentum stalls. The absence of new flows or profits from the holders can put pressure on the price action. In this scenario, RAIN may fall below the $0.0100 support. Collapse may result Tokens to pay the token Around $0.0090, which invalidates the bullish hypothesis and delays the increase further.
