Story Protocol’s IP Token Surges 10% on OKX, Eyes $4 Target After Breakout
Story Protocol's IP token has made a significant move, breaking out of its accumulation range with a 10% surge in the past 24 hours. Trading at $3.21 on OKX, the token has seen a 300% spike in volume, driven by a confirmed double-bottom pattern and a bullish EMA crossover. The technical structure shows strong resilience, with four successful tests of the $2.80 support level before the breakout. A daily close above $3.30 could confirm further upside potential, with a measured MOVE targeting $4. This development highlights growing investor confidence in Story Protocol's IP token, making it one to watch on OKX.
Story Protocol Price Breaks Out of Accumulation Range, Targets $4
Story Protocol's IP token has surged 10% in the past 24 hours, breaking above a key accumulation range and eyeing a measured move toward $4. The token now trades at $3.21 with volume spiking 300%, fueled by a confirmed double-bottom pattern and a bullish EMA crossover.
Technical structure shows resilience, with four successful tests of the $2.80 support level before the current breakout. A daily close above $3.30 WOULD confirm the pattern's $3.80-$4.00 price target, reinforced by an ascending trendline established since mid-June.
Fundamental catalysts include Story Protocol's recent partnership with OKX Ventures to launch a $10 million startup fund. Market structure mirrors institutional interest, with the 20 EMA crossing above the 50 SMA—a classic bullish signal.
OKX Partners Circle to Expand USDC Access
Circle Internet Group (NYSE: CRCL) and cryptocurrency exchange OKX have forged a strategic partnership to enhance USDC stablecoin accessibility for over 60 million global users. The collaboration introduces direct 1:1 conversions between USD and USDC, streamlining on-ramping and off-ramping processes through shared banking partnerships.
Jeremy Allaire, Circle's CEO, underscored USDC's role as "internet-based money" and OKX's market leadership in driving adoption. OKX CEO Star Xu highlighted the partnership's potential to boost liquidity and integrate USDC into Web3 wallet and payment applications.
