Rain, Canton and Velvet near records ahead of weekend

Rain, Canton and Velvet are trading near record levels as markets head into the weekend. New all-time highs would be recorded if RAIN holds $0.011, CC closes above $0.1725 on a daily basis and VELVET maintains its price-discovery run above current highs.

Rain (RAIN) broke above its prior record near $0.011 on May 26 and reached $0.0148 on May 27. The token recently traded around $0.0132, about 11% below that peak. Chart support appears near the 0.5 Fibonacci retracement at $0.0108, which overlaps the previous high; a deeper retracement to the 0.786 level would place a short-term target near $0.0085. The daily Relative Strength Index for RAIN is roughly 63. The protocol’s foundation deployed $100 million in liquidity and the protocol ranks among the top three prediction markets by total value locked. Betting tied to the FIFA World Cup may increase trading volumes through the weekend.

Canton (CC) trades near $0.163, about 16% below its February peak of $0.195. The token has moved inside an ascending parallel channel for several months and recently retested the channel’s midline. Immediate resistance sits at the 0.618 Fibonacci retracement near $0.1725, with support in the $0.15 area just below the 0.382 level at $0.158. The channel’s upper band converges with the $0.1725 barrier; a daily close above that level would expose the 0.786 retracement at $0.183 and then the prior high. The daily RSI for CC is around 59. A recent 21Shares ETF listing introduced regulated exposure to CC while network settlement volumes continue to climb.

Velvet (VELVET) is trading in price discovery after roughly 10 consecutive daily gains and a rise of more than 1,300% over a week. VELVET changed hands near $1.72 after marking a fresh record above $1.80 earlier in the session. With no prior price history above the record, logarithmic Fibonacci extensions are used for potential targets: the 1.618 extension at $1.14 has been cleared, the 2.0 extension sits at $2.46 and the 2.272 extension at $4.27. The daily RSI is close to 99, an extreme reading. Demand has been linked to pre-IPO trading themes and Velvet’s announced integration with Trade.xyz on June 2.

All three tokens are focused on short-term technical thresholds. Traders and algorithms will monitor whether RAIN holds $0.011, whether CC closes above $0.1725, and whether VELVET sustains trading above its recent highs. Failure of any of these levels would likely lead to pullbacks toward the support zones noted above.