Story IP Skyrockets 76% in July – Is a $6.4 Breakout Imminent This Week?
Another day, another crypto moonshot—Story IP just ripped past expectations with a blistering 76% July surge. Now traders are glued to their screens, wondering if this altcoin can smash through the $6.4 barrier before the week ends.
The Rally No One Saw Coming
While traditional markets nap in their hammocks, Story IP’s chart looks like a caffeine-fueled ECG. No fancy fundamentals here—just pure, unfiltered crypto volatility doing what it does best.
$6.4 or Bust?
The magic number flashing on every trader’s radar. Hit it, and suddenly the ‘FOMO brigade’ starts piling in. Miss it, and well… there’s always next month’s hype cycle.
Funny how these ‘organic’ price surges always happen when liquidity’s thinner than a DeFi whitepaper. But hey—in crypto-land, irrational exuberance is just another Tuesday.
Story Price Outperforms Major Cryptocurrencies
With a jump of over 16% in valuation, the IP crypto is on the path of retesting its important resistance level of $5.43 today. This altcoin last retested this range during the month of April, highlighting a notable rise in the positive influence. Additionally, it has surged over 24% during the last seven days.
These statistical data suggests a rising interest of investors toward this project. With a market cap of $1.55 billion and a 168% jump in its trading volume to $113.75 million, it has a market share of 0.0403%.
The Moving Average Convergence Divergence (MACD) indicator shows a steady green histogram this month, suggesting increasing bullish momentum for the altcoin in the market. Moreover, with its 12 & 26-day averages displaying a sharp rise, the IP crypto price may continue gaining traction.
Maintaining the value above its $5.43 mark could set the stage for it to head toward its major resistance level of $6.37. Suppose, the bulls maintain momentum at that point, this could result in it preparing to retest its upper high of $7.33 in the upcoming time.
However, the Story token could retest its immediate support levels of $5.43 or $4.50 if the bearish presence intensifies.
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