-7.03% for Story as sustained trading below the long-term average weighs on price

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Story slides 7.03% today to $0.3321

Highlights

IP/USD remains in a pronounced downtrend, consistently trading below key short-, medium-, and long-term moving averages.
All major technical indicators, including MACD, ADX, and momentum oscillators, confirm strong bearish momentum with little evidence of imminent reversal.
Price action suggests a high likelihood of further declines toward support at $0.3071, with resistance at $0.3535 capping any rebound attempts.

Technical weakness extends as indicators signal persistent selling pressure

On the technical front, IP/USD is trading well below the MA-20 ($0.3562) and MA-50 ($0.3732) on the H1 timeframe, as well as significantly beneath the MA-200 ($1.2677) on the daily chart. The Ichimoku Kijun line at $0.3535 has shifted to act as immediate resistance, while near-term support is found at $0.3071. Momentum indicators reinforce this weakness: MACD and ADX both register a Sell, the RSI is at 35.37 (Sell), CCI is in Oversold territory, and the Stoch RSI displays a Neutral stance. BBP reflects dominant seller pressure intraday, and the Awesome Oscillator is also aligned with the prevailing downtrend.

Further losses expected as low breakout odds frame risk

Over the next 2–3 trading days, IP/USD is expected to fluctuate within a typical volatility band of $0.3071 to $0.3571. The probability of an upward breakout appears very low, while further declines remain highly likely if support at $0.3071 is breached. If price can push above the $0.3535 resistance, a bullish reversal scenario could begin to unfold; otherwise, the baseline outlook anticipates sideways trading within this corridor.

Anton Kharitonov, expert at Traders Union, sees ongoing technical weakness for Story Protocol (IP) after a sharp daily decline. He believes the price remaining below all major moving averages and clear bearish signals from momentum indicators highlight persistent downside risk. The lack of supportive news flow does not offset the negative technical setup. "Unless IP/USD can reclaim $0.3535, my bias stays defensive and I expect continued pressure toward $0.3071 support."

Earlier, analysts noted that Story Protocol was entrenched in a persistent bearish trend with limited evidence of buying interest. The current setup not only confirms this cautious outlook but also highlights the increasing risk of a downside breakout if support at $0.3071 is breached 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

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.