Selling below $0.2663 support pulls Story down 7.44%

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Story slides 7.44% to $0.2923 today

Highlights

IP/USD remains under sustained bearish pressure, trading below all key moving averages and confirming a strong downtrend.
Momentum indicators present mixed signals, with downside bias dominating but short-term oversold readings suggesting potential for brief pauses in selling.
Expected price range over the next 2–3 days is $0.2663 to $0.3162, with a very high probability of further declines.

Downward trend pressure persists amid mixed oversold signals

On the H1 chart, IP/USD is trading below the MA-20 at $0.3055 and MA-50 at $0.3104, with the long-term MA-200 far above at $1.2092. The Ichimoku Kijun line at $0.3071 serves as immediate resistance. MACD indicates a Sell signal while ADX is Neutral. RSI stands at 34.59, pointing to a downside bias, but Stoch RSI gives a Strong Buy reading and CCI is Oversold, suggesting emerging exhaustion on the downside. BBP shows seller dominance during intraday moves, and the Awesome Oscillator trend remains negative. This mix of indicators highlights both strong downward trend pressure and localized oversold conditions.

Further downside risk dominates as consolidation remains likely

For the next two to three trading days, price action is expected within a volatility band between $0.2663 and $0.3162. The probability of an upward move is classified as very low, while the likelihood of further declines remains high. The base scenario expects price to consolidate within this band. A clear breakout above the Kijun resistance would support short-term bullish momentum, while a drop below the projected support could accelerate further declines.

Viktoras Karapetjanc, expert at Traders Union, sees clear downside momentum in Story Protocol (IP) as the price trades well below key averages. He notes that indicator alignment strongly favors sellers, but also recognizes signs of short-term exhaustion with some oscillators now oversold. Karapetjanc remains constructive, expecting a consolidation within $0.2663 to $0.3162 even with a higher risk of new lows. "A breakout above the Kijun resistance at $0.3071 would be the first signal for cautious optimism, but for now, bears still control the trend."

Earlier, analysts noted that Story was firmly entrenched in a bearish trend amid sustained selling pressure. The latest technical signals reinforce this view and suggest that traders should be alert for heightened volatility, as any decisive breakout from the current consolidation band may define the asset's next directional move.

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.