RAIN crypto rallies 11% – Yet KEY signals raise doubts

The crypto market’s narrative has been shifting daily, with nature‑themed tokens recently outperforming the broader market.

In the past 24 hours, Rain [RAIN] rallied over 11% at the time of writing. The rise saw the altcoin extend by over 25% for the month of January, as per CoinRank data.

With the current momentum, institutions are embracing the altcoin, with the RAIN exchange now venturing into the privacy sector.

Institutions accumulate as RAIN exchange embraces privacy

Rain’s native exchange token, RAIN, has caught the eyes of institutions. RADR Labs acquired about $5,000 worth of RAIN on the day, as per a post on X (formerly Twitter).

On that note, the exchange has deposited over 320,000 RAIN into the shielded pool to begin the anonymity set. This would allow participants to trade privately, enforcing the trends in the privacy sector.

Such an initiative attracts more users, especially those who want to be anonymous. With that in mind, the performance of the chain activity was also crucial to look at.

Decoding the on-chain activity 

The total number of transfers exceeded 1.23 million at the time of writing. However, this figure had dropped by about 37%, with the day’s record at 15,850.

On the holders’ side, the number climbed sharply above 170K, though it was stagnant over the past week. This indicated that, as much as holders had upped their ante in the first month of the year, the momentum was slowing down.

Source: Arbiscan

This on-chain data showed that it was not an outright bullish trend on all fronts, as it was mixed. Over the short term, the data was bearish, while the long-term outlook was bullish.

Will the technical structure keep the momentum rising?

Will the price sustain the trend?

The charts showed a staircase-style movement for RAIN/USDT, with sideways consolidations giving way to a thrust up. The second move higher after the launch was a 137% rally, bringing price action to its second accumulation stage.

At press time, RAIN was trading between $0.006830 and $0.009198. Notably, the token broke above its upper resistance and showed momentum to rally further.

This move coincided with a bullish MACD crossover. RAIN’s market cap was just over $3.38 billion, with $4 billion approaching on the horizon.

Source: TradingView

However, the bulls were under a test to sustain the price staying above the broken resistance.

The Cumulative Volume Difference (CVD) was slightly bearish with a reading of negative $537K. This meant that bear orders were filling the RAIN market.

Final Thoughts

• RAIN surges 10% amid institutional accumulation and privacy layer inclusion.
• RAIN eyes a $4 billion market cap as the price breaks out from a sideways consolidation.