TL;DR
- Story (IP) maintains an upward trend, growing 10.3% over the past week despite a 2.7% pullback in the last 24 hours.
- Technical indicators such as MACD and Aroon Up Line reinforce the strength of the trend, suggesting a possible new bullish push.
- The $5.54 support remains strong, but profit-taking could drive the price down to $4.05 if buying pressure weakens.
Story (IP) has sustained its bullish momentum and remains among the best-performing cryptocurrencies. Over the past week, its price has increased by 10.3%, holding firm despite overall market weakness. However, it has seen a slight decline in the last 24 hours, dropping 2.7%. Despite this, its performance continues to attract investor attention.
What Does Story (IP)’s Technical Analysis Say?
Technical indicators support Story’s current trend. The MACD indicator recently formed a bullish crossover after spending an extended period below the signal line, signaling a potential shift in price direction. The emergence of a green histogram indicates growing buying pressure, which could extend the upward movement.
Another key factor is the Aroon Up Line, currently at 92.86%. This value confirms a strong and sustained trend, showing that the asset has been consistently reaching new highs within the analyzed period. At present, the price stands at $5.8, its highest level since early March.
Holding the Trend or Pulling Back
The $5.54 support level has proven resilient, suggesting the possibility of further price gains if demand persists. In this scenario, the price could approach its all-time high of $7.95. However, a wave of profit-taking could alter this outlook. If a significant number of investors decide to cash out, the price could lose its support and drop toward $4.05.
Story’s performance reflects strong upward momentum, driven by market interest in the token, even in an unfavorable environment for other cryptocurrencies. Whether the trend continues or slows will depend on whether buying pressure remains strong or if profit-taking limits further gains
