RAIN crypto rallies 11% – Yet KEY signals raise doubts
RAIN crypto surged 11% in 24 hours, extending its January gains to over 25%. The rally was fueled by institutional interest, including a $5,000 purchase by RADR Labs, and the exchange's new privacy initiative, which deposited 320,000 RAIN into a shielded pool for anonymous trading. However, on-chain data showed mixed signals: total transfers dropped 37% in a day, and while holder numbers climbed above 170K, growth stagnated recently. Technically, RAIN broke above resistance with a bullish MACD crossover, eyeing a $4 billion market cap, but bearish CVD data indicated selling pressure, testing the bulls' ability to sustain the breakout.
ambcrypto01/23 20:02