Bearish momentum deepens — Story slides 7.86%

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Story slides 7.86% to $1.712 today

Highlights

The price at $1.712 trades significantly below all major moving averages: MA-20 at $2.4918, MA-50 at $2.0595, and MA-200 at $4.9666, signaling sustained downside momentum.
Momentum and oscillator indicators, including RSI, CCI, and Stochastic RSI, are all at oversold or sell levels, with sellers dominating intraday momentum after a 7.86% price slide.
For the next five days, price is likely to consolidate between $1.650 and $1.950, with less than 20% probability of an upside move unless $2.00 resistance is decisively broken.

Persistent downside pressure as indicators confirm oversold momentum

The current price of $1.712 is trading well below the Moving Average-20 at $2.4918, the Moving Average-50 at $2.0595, and especially below the Moving Average-200 at $4.9666. This positioning signals persistent downside pressure across short-, medium-, and long-term trends, with the nearest dynamic resistance seen at the Ichimoku Kijun level of $2.9765. Momentum indicators are weak, with the daily MACD neutral but negative and the ADX signaling only mild directional strength. Both Relative Strength Index and Commodity Channel Index are at oversold or sell levels, and the Stochastic RSI also indicates oversold conditions. Bull/Bear Power is negative, confirming sellers dominate intraday momentum. The daily session saw no gap between the previous close and today’s open, with the price now near the bottom of today’s range after an intraday slide of 7.86%. Volatility is high, with the tone characterized by heavy selling pressure after the open. Notably, most momentum and oscillator signals align with the pronounced intraday decline, with only minor divergence from the neutral MACD.

Near-term declines favored amid low probability of rebound

For the next five trading days, the expected price range is between $1.650 and $1.950, narrowed to reflect the current market volatility. The probability of a price increase is very low (less than 20%), making further declines significantly more likely. In a baseline scenario, the price consolidates sideways within this band. A bullish scenario would require a breakout above resistance at $2.00, likely triggering only if buying momentum returns suddenly. Conversely, a bearish scenario would see the price moving below support around $1.65, extending the decline if selling dominates.

Anton Kharitonov, expert at Traders Union, sees Story Protocol (IP) locked in a strong bearish trend. He notes that momentum and oscillator readings confirm sellers are firmly in control, while price action sits well below all key moving averages. The analyst stays cautious as there is no bullish catalyst on the news front and the probability of an upside move is low. "Base case remains sideways to lower — until $2.00 is reclaimed, I expect more pressure below $1.950."

Previously it was reported that Story Protocol is exhibiting sustained bearish momentum, with the price trading well below all major moving averages and facing dynamic resistance at the $3.03 Ichimoku Kijun level. Despite several oscillators indicating oversold conditions, weak momentum, high volatility, and negative trend signals suggest continued downside risk with limited prospects for a near-term recovery.

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.