Story sinks 8.47% as selling pressure persists amid lack of support

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IP/USD slides 8.47% today

Highlights

IP trades at $1.577, sharply below its MA-20 ($2.1261), MA-50 ($2.8745), and MA-200 ($5.2672), confirming a strong bearish trend across all timeframes.
Oversold momentum indicators (RSI at 26.44, Stochastic RSI at 0.00, CCI at -139.00) and a gap down open highlight persistent selling and downside pressure.
Near-term price action is expected to consolidate between $1.30 and $1.90 amid high volatility, with less than 20 probability of a sustained rally.

Weak momentum and selling prevail as supports vanish

The nearest dynamic resistance is the Ichimoku Kijun at $2.4320, while no significant support is indicated above the current level in the given data. Momentum indicators highlight pronounced weakness: MACD on the daily points to a strong sell, while ADX shows bearish momentum but with declining trend strength. Daily oscillators confirm persistent oversold conditions (RSI at 26.44, Stochastic RSI at 0.00, CCI at -139.00), and BBP at -0.1662 underscores that sellers remain dominant intraday. The Awesome Oscillator aligns with the downward trend. Today’s session shows a clear continuation of selling, with a gap down at the open ($1.633 vs. prior close $1.723), a current price near the intraday low ($1.577; day’s range $1.587 – $1.633), high volatility, and persistent downside pressure since the open.

Consolidation likely amid high volatility and downside bias

For the next five sessions, a volatility band relative to current levels — given high recent volatility and the need to stay within 20% of $1.577 — would be $1.30 to $1.90. There is a very low probability (less than 20%) of a sustained price increase, with a much higher likelihood of continued decline. The baseline scenario sees the price consolidating sideways within this band. A bullish scenario requires a breakout above $1.90, targeting recovery toward dynamic resistance; a bearish move below $1.30 could open the way for a sharper pullback.

Viktoras Karapetjanc, Traders Union expert, sees Story (IP) under evident downside pressure, with little sign buyers are stepping in at these levels. He notes momentum and sentiment remain deeply negative across all major indicators, with sellers clearly in control. Despite heavy oversold readings, the absence of supportive news and firm macro structure limit any immediate bullish case. Karapetjanc is constructive for a base-building scenario if the price can hold within the $1.30 — $1.90 volatility range. "Upside potential exists if sentiment improves, but for now patience is needed until the market shows a clear reversal signal."

Previously it was reported that Story (IP/USD) remains under sustained bearish pressure, trading well below all major moving averages with momentum indicators, including MACD and RSI, confirming strong oversold conditions and prevailing sell-side activity. Immediate resistance is identified at the $2.47 level, and with low rebound probability, downside risk continues to dominate unless a significant breakout above this threshold occurs.

Source of Data: IP Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.