After consolidating through mid‑November and December, Rain [RAIN] finally broke out of its range. RAIN surged 28.21%, rising from $0.0078 to a new all‑time high of $0.01 before a slight pullback.
At press time, RAIN traded at $0.0091, up 12.43% on the daily charts, supported by increased on‑chain activity.
Trading volume climbed 13.49% to $80.4 million, while market cap rose 12% to surpass $3 billion, signaling steady capital inflows.
Rain rallies on retail FOMO
Amid this price upsurge, Santiment noted that RAIN’s rally was driven by retail traders who rushed to accumulate, fearing to miss out (FOMO).
Thus, Trading Volume continued to support the rising RAIN price, while social media hype showed no signs of hindering the rally.
Source: Santiment
This suggested that increased participation primarily occurred on the demand side, accelerated by social buzz.
At press time, the Accumulation/Distribution Volume surged to a record 1 billion. Buy Volume rose to 304.5 million, surpassing 244 million in Sell Volume. This imbalance signaled strong demand and aggressive accumulation.
Source: TradingView
Notably, buyers clearly dominated the market, as shown by the Buyers vs. Sellers Volume metric on TradingView. Buyers’ Volume rose to 15 billion, compared with sellers’ volume of 12 billion.
Thus, while sellers attempted a takeover, buyers showed more determination and stayed on top, reflecting bullish bias.
Historically, these market conditions have accelerated upward momentum, often a prelude to higher prices.
Can RAIN’s upside momentum hold?
RAIN rallied as demand driven by small-scale traders dominated the market. The altcoin’s Relative Strength Index (RSI) climbed to 70, then retraced to 66 as of writing, following a bullish crossover the previous day.
This momentum indicator validated the buyer’s market dominance but also warned of rising sellers’ strength.
Source: TradingView
RAIN’s Directional Movement Index (DMI) climbed to 31 before easing to 30, following a bullish crossover the previous day.
Such a rise typically signals strong upward momentum fueled by market demand. When indicators form a bullish crossover, they often point to a potential continuation of the trend if demand holds.
If retail buyers continue to accumulate, RAIN could reclaim $0.01 and aim for a new high. Conversely, if sellers dominate, the altcoin may retrace to $0.0088.
Final Thoughts
- Rain rallied 28.21% to a new all-time high of $0.01, then sharply fell to $0.0091 at press time.
- RAIN made a historical run driven mainly by retail FOMO despite social media hype.
Source: https://ambcrypto.com/rain-crypto-surges-28-hits-new-ath-whats-next-amid-retail-fomo/
