Rain Partners with Mastercard to Broaden Stablecoin Payment Infrastructure
- Strategic Partnership Upgrade: Rain's alliance with Mastercard broadens its stablecoin payment infrastructure by introducing credit and prepaid card functionalities, aiming to meet the growing institutional demand and enhance its market competitiveness.
- Funding Injection for Growth: Recently, Rain raised $250 million in its Series C funding round, achieving a valuation of $1.95 billion, with these funds earmarked for significantly expanding its Stablecoin Card infrastructure, further propelling its collaboration with Mastercard.
- Enhanced Multi-Network Capabilities: This partnership signifies Rain's evolution from a Visa-exclusive focus to incorporating Mastercard, improving the accessibility of its Stablecoin Card and allowing enterprises to implement stablecoin settlements without overhauling existing payment workflows.
- Market Demand Driven: As stablecoins increasingly facilitate payments, commerce, and treasury transfers, Rain's Stablecoin Card product stands out in a competitive landscape, aligning with enterprises' urgent need for compliant and efficient payment solutions.
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Technical Analysis for STABLE
Technical Sentiment Analysis for (STABLE). As of , (STABLE) is exhibiting a Strong buy technical sentiment. Our proprietary analysis, which aggregates 4 technical signals, shows that 4 indicators are flashing buy, while 0 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status. Currently, the Relative Strength Index (RSI) for STABLE stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the crypto.
Support, Resistance & Moving Averages. From a structural perspective, STABLE is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
(STABLE) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.0156 | 0.0231 | 0.0299 | 0.0374 | 0.0442 | 0.0517 | 0.0585 |
| Fibonacci | 0.0231 | 0.0286 | 0.0319 | 0.0374 | 0.0429 | 0.0462 | 0.0517 |
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