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since the last readPrice has left the range the coin's last read drew.
Price has left the range the coin's last read drew.
Downtrend, stretched — at the chart's low (0.005798), RSI 24
A downtrend still pressing lower.
RAIN is in a downtrend that is still pressing lower, against a weekly uptrend. The structure is still down: lower highs and lower lows, and the last lower high at 0.01416 has not been taken back.
The weekly picture: between a bear and a bull phase, 71% under the cycle high. The daily trend runs inside the weekly.
Price is at the lowest it has traded on this chart — 4 months of candles, 0.005798 the bottom. There is no support under it in this window; a close below it is a new low, a hold here is a double-bottom chance. It does not stand alone: a tested trendline and the round number 0.006000 sit at the same price.
RAIN is falling on its own (down 9.6% today) while the wider market is quiet. RAIN rose 47% to 0.014158 on the daily chart, then gave it all back, dropping 59% to 0.005798. It is now trading in a 0.005548–0.006079 box, pressing on the floor.
The daily structure is a downtrend — lower highs and lower lows, and price broke the 0.009642 swing low 3 weeks ago and has stayed under it. The drop has not bounced enough to set a new lower high — the last one is far above, at 0.014158. Price is on a falling support trendline at 0.005712, touched 4 times.
The rest of the chart backs the downtrend. ADX is 28, a real trend, with sellers ahead (+DI 16, −DI 28). Price is under the average price paid since the swing low (anchored VWAP 0.007416), so the buyers since that low are under water. Volume flow backs it — more volume has traded on down candles than up (CMF -0.14, OBV falling).
Nothing on the chart argues against it right now.
The rest of the chart points the same way. RSI is 24: the selling has stretched it. MACD is below its signal line, so the latest swing has downward momentum of its own. Everyone who bought since the last top is still losing (average since the swing high 0.01574). Price is under the Ichimoku cloud, and the cloud ahead is bearish.
Price is stretched — 2.5× an average candle from its 20 EMA, a run that has gone far without a rest.
Volume is 5.2× normal — unusually heavy; absorption — huge effort, no result (big volume, tiny progress).
A high-volume price that price has not revisited (a naked POC) sits above at 0.0102; value is migrating down (-89.2%) — the prices where most volume trades are moving lower; price is moving through value quickly — the market is not accepting these prices.
The last candle left a long upper wick — sellers stepped in and pushed it back down.
The biggest effort in a while — 5.7× normal volume on a wide down candle. Watch whether the next candles follow through.
0.006079 is the line it has to clear.
0.006079 is the ceiling; price has not tested it on this chart yet. It is also the prior month low and the prior month low.
0.006214, a resistance 11.6% above price: price has not tested it on this chart yet, on thin volume — little traded there; it lines up with the prior month low.
The long-term lines: the 50-day average at 0.01061 (+90.5%), the yearly open at 0.01500 (+169.3%) and the quarterly open at 0.01226 (+120.0%).
0.005798, the prior week low 4.1% above price: price has not tested it on this chart yet, on thin volume — little traded there.
The last swing high at 0.009550, not yet taken — the kind of spot where stop orders usually sit just above.
0.0119 is the level on the most timeframes — 2 timeframes (1D/4H), 3 touches.
The running drop runs from 0.01416 to 0.005798. The golden pocket, 0.01096–0.01123, is where the 0.618 retracement of that drop sits. Its extensions mark 0.003524 (1.272) and 0.0006315 (1.618) below.
0.007790 is where two separate tools meet: the 0.236 Fibonacci level of the last swing and a resistance.
The nearest round numbers: 0.006000 above and 0.005000 below.
A 1D close past 0.006079 changes the picture.
Downtrend — lower highs and lower lows; it holds while price stays under 0.01416.
A 1D close above 0.006079 breaks the box's ceiling, though the downtrend's last lower high still sits above; the next level up is 0.006528.
Watch 0.005798: a 1D close above it is what changes the story.
Since the last read: still in a downtrend, unchanged over the last 2 days.
| Level | Price | From price | Role |
|---|---|---|---|
| Resistance | 0.006983 | +25.3% | sr |
| Golden pocket | 0.006759 | +21.3% | golden pocket, swing |
| Fib retracement | 0.006528 | +17.2% | fib |
| Resistance | 0.006393 | +14.8% | sr, swing |
| Monthly open | 0.006320 | +13.4% | calendar, fib |
| Resistance | 0.006214 | +11.5% | sr |
| Prior month low | 0.006079 | +9.1% | calendar, swing |
| Prior week low | 0.005798 | +4.1% | calendar, swing |
| Support | 0.005548 | -0.4% | read edge |
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