RAIN rebounded sharply in the past 24 hours, reigniting market interest. This momentum has strongly boosted short-term demand, and the token price has risen to around $0.0100, its all-time high.
The price momentum returned early, but there are still doubts about whether this increase indicates sustained demand or is merely a short-term frenzy.
RAIN whales have invested a large amount of funds
Whale movements have significantly supported RAIN's recent price trends. Addresses holding between 10 million and 100 million RAIN have accumulated 162 million tokens in the past 24 hours. Based on the current price, this purchase amounts to approximately $1.55 million, indicating strong confidence among large holders.
Such accumulation matches the broader trend observed over the past 10 days. During this period, the holdings of the same whale tier increased from 304 million RAIN to 698 million RAIN. The net increase amounted to 394 million tokens, equivalent to approximately $3.79 million.
In this way, the continuous buying is offsetting the decrease in demand in other markets, providing price support.
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Despite the accumulation by whales, broader market participation remains limited. The Chaikin Money Flow indicator shows a decrease in inflow, suggesting an overall reduction in capital inflow. The CMF measures buying and selling pressure from price and volume, serving as an indicator for understanding demand trends.
The divergence between the movements of whales and individual investors is a factor limiting upside potential. While large holders continue to accumulate, individual and small to mid-sized investors are taking a cautious stance. As a result, the price of RAIN has been unable to break through $0.0100, continuing to test the upper levels without fully utilizing the materials.
The price of RAIN rose by 18.1% during the day, reaching $0.0100 at one point. This level matches the all-time high set over two weeks ago. The return to this level indicated speculative interest, but it did not result in a clear breakout.
At the time of writing this article, RAIN is trading around $0.0096. It has failed to break through $0.0100 several times recently. Decreased inflow and a bias in market participation are suppressing the rise, and RAIN is likely to bounce back repeatedly at the resistance line.
If momentum weakens further, the risk of a decline will increase. If the decrease in inflow turns into a net outflow, RAIN could drop to the support level of $0.0090. If it falls below this level, the bullish and neutral scenarios will be negated, increasing the risk of a further drop to $0.0084.