RAIN has climbed nearly 40% over the past 30 days, maintaining its breakout structure while trading just below $0.0104.
Technical projections point to a potential new all-time high above $0.0110, more than 10% above current levels.
On-chain data shows spent coins activity has dropped sharply, indicating sellers are holding back despite rising prices.
Spent coins volume reportedly fell by nearly 76% in three days, signalling restraint rather than profit-taking.
Traders appear to be positioning for a push towards the projected all-time high rather than exiting at previous peaks.
Analysts warned that this pause in selling can also increase downside risk if sentiment shifts suddenly.
A secondary inverse head-and-shoulders pattern has formed, but its steep structure requires strong momentum to succeed.
Momentum indicators are weakening, with the Relative Strength Index showing bearish divergence against price.
The Money Flow Index has also trended lower, suggesting buying pressure is fading.
Analysts said rallies driven by seller inactivity rather than strong demand tend to be fragile.
A daily close above $0.0110 could open the way towards $0.0128 on continued momentum.
Failure to hold support near $0.0099 would weaken the setup and raise correction risks.
A drop below $0.0082 could invalidate the structure and expose RAIN to a deeper pullback towards $0.0068.
At the time of reporting, Rain price was $0.009585.