Story price dips amid rising selling pressure

Traders Union
All News
Crypto News
Story protocol slides 10.45% today

Highlights

IP/USD faces sustained bearish momentum across all timeframes, with price action well below key moving averages.
Momentum indicators such as MACD, ADX, and oscillators confirm a strong bearish trend and prevailing oversold conditions.
Baseline scenario projects IP/USD trading sideways between $0.31 and $0.43, with further decline more likely than a rebound.

Anton Kharitonov, expert at Traders Union, sees Story Protocol (IP) under strong bearish pressure. The asset is far below all major moving averages and shows no technical or fundamental catalysts for reversal. Momentum indicators confirm sellers remain in firm control, with little evidence of institutional interest or positive sentiment. The recent absence of news also signals a lack of supportive narratives or investor engagement. "Given weak fundamentals and continued dominance by sellers, I do not expect a meaningful rebound in the near term."

Viktoras Karapetjanc, expert at Traders Union, notes recent declines but remains constructive on the medium-term outlook. He views the $0.31 to $0.43 range as a stabilizing region, offering future setups for trend resumption if momentum turns. While there is no supportive news flow, he believes the market structure leaves room for renewed growth should sentiment improve. "I see this phase as an opportunity for accumulation, with upside potential returning on a break above $0.43."

Jainam Mehta, market strategist, takes a scenario-based view amid the prevailing bearish momentum. He sees potential tactical plays if a reversal develops near oversold indicators, but emphasizes the importance of protecting capital below $0.31. Absence of news amplifies uncertainty, making volatility spikes more likely. "A tactical contrarian entry may be considered if price action stabilizes near key lows, but confirmation is essential before acting."

Bearish momentum confirmed as support absent and technicals oversold

IP/USD is trading well below its MA-20 ($0.4660), MA-50 ($0.5072), and MA-200 ($1.2807), signaling persistent short-, medium-, and long-term bearish pressure. The nearest dynamic resistance is at the Ichimoku Kijun level ($0.4960), with no nearby dynamic support identified.

MACD and Average Directional Index (ADX) on the daily chart both signal weak to moderate bearish momentum. Relative Strength Index (RSI), Stochastic RSI, and Commodity Channel Index (CCI) are all in, or near, oversold territory, suggesting the pair may be stretched after recent declines. Bull/Bear Power (BBP) is negative, indicating sellers dominate intraday momentum, with additional confirmation from the oversold bias in CCI and Stochastic RSI. Awesome Oscillator (AO) also aligns with the bearish trend. The pair dropped sharply to $0.3565, down 10.45% with a downside gap of about $0.0048 at the open. Price is trading near the low end of the intraday range, as volatility stands at 14.22%. Intraday tone points to significant downside pressure after the open, with momentum indicators confirming the daily bearish move.

Earlier, analysts noted that Story Protocol was entrenched in a persistent bearish trend amid ongoing downside risks. The latest technical deterioration and absence of buy signals further reinforce this negative outlook, highlighting the importance of monitoring for a breakdown below $0.31, which could trigger accelerated losses in the coming sessions.

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

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.