Story Protocol’s Price Breaks Key Level, Eyes $4.00
Story Protocol (IP) has seen a significant price increase, breaking above a key resistance level. The token is now trading at $3.21, up 10% in the last 24 hours. This surge suggests a Bullish Move
Story Protocol (IP) has made a notable move, breaking above a crucial price level. The token is now valued at $3.21, marking a 10% increase in the past 24 hours. this upward trend suggests a potential move towards the $4.00 target.
The price surge comes after IP tested the upper boundary of its accumulation range, reaching an intraday high of $3.40. this movement aligns with a confirmed double bottom pattern, where the two bottoms formed around $2.80,a strong support zone. The latest test triggered a sharp rebound, supported by rising trading volume.
A confirmed breakout woudl need a 4H or daily close above the neckline around $3.3. if this happens, the pattern suggests a measured move target near $3.8 – $4. An ascending trendline as June 18 further supports this bullish outlook. The price has also crossed above the 20 EMA and 50 SMA, indicating a bullish crossover.
On the basic side, Story Protocol announced a partnership with OKX Ventures on June 24. They launched a $10M fund for startups focusing on transforming IP into on-chain financial assets. This advancement adds to the token’s bullish momentum.
“We’re backing founders who see IP as an on-chain financial chance,” the Story team stated in a blog post.
