Rain Protocol RAIN jumps after KuCoin listing but momentum stalls

Beincrypto reports Rain Protocol's RAIN token surged after its KuCoin listing, briefly breaking an inverse head-and-shoulders reversal and rising about 13% over the past seven days, 8% since yesterday, and more than 200% over the last three months. The listing pushed price toward a projected 31% upside target near $0.011 but momentum faded: RAIN pulled back close to 10% within hours.

On-chain data showed wallets holding 10 million to 100 million RAIN increased balances from roughly 260.85 million to about 385.47 million — an addition of around 124.6 million tokens, worth roughly $1.1 million — but whale balances stopped rising after the breakout. Spent-coin activity spiked between January 5 and January 6, jumping from roughly 28 million to more than 58 million tokens, then later fell to about 23.8 million, consistent with profit-taking.

Momentum indicators flagged caution: the 12-hour RSI showed a bearish divergence between late November and early January, and the Money Flow Index trended lower between December 29 and January 6, suggesting dip buying weakened. The report says RAIN needs buyers to return — a strong 12-hour close above $0.010 would reopen the path to $0.0110–$0.0120, while a break below support at $0.0083 could expose $0.0075 and $0.0067; the trend is not broken but the rally may need time.

Key Topics

Crypto, Rain Protocol, Rain Token, Kucoin, Santiment, Prediction Markets