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The Story price has surged 11% in the last 24 hours to trade at $6.22 as of 3:30 a.m. EST on a 42% plunge in trading volume to $1.23 billion.
The jump in the IP Price makes it the top gainer among the top 100 cryptocurrencies on CoinMarketCap.
Story Price Pulls Back After Hitting Resistance At $7.42 – What’s Next?
The current price of STORY/USDT is trading at $6.22, with a 3.56% decline in the last hour. The price recently reached a high of $6.43 and a low of $6.12, indicating some volatility in the market. This was after IP previously experienced a strong uptrend. It has since started to pull back after hitting resistance.
A key support zone is marked around $0.93, where accumulation occurred before the price surged. On the upside, a significant resistance level is observed at $7.41, where the price struggled to break through before retracing. The chart also displays a well-defined bullish channel, where price movement was guided upwards.
Additionally, a parabolic curve line indicates an aggressive rally that eventually faces exhaustion. Current price action indicates a potential correction, with a red downward-sloping trendline hinting at short-term bearish pressure. However, a dashed upward trendline suggests that another upward move could occur if the price holds key support.
IPUSDT Analysis Source: Tradingview
The Relative Strength Index (RSI) is currently at 45.33, signaling a neutral zone, while a previous peak RSI of 55.60 indicated stronger momentum before the recent pullback. If the RSI drops below 40, it could confirm further downside movement, but a rebound above 55 would indicate renewed bullish momentum.
If the price breaks above $7.41, a continuation toward $8.50 – $9.00 is likely. However, if it fails to hold above $6.223, a correction toward $4.768 could follow. The most probable scenario is a period of consolidation between $6.00 – $7.40 before the next major move.
For traders, a bullish approach would involve waiting for a breakout above $7.4 before entering long positions. Bears may consider shorting near resistance, setting a stop-loss above $7.50. Neutral traders might look for entries around $5.00 – $4.768, with higher risk-reward potential.
BTC Bull Token Presale Closes On $3 Million – Next Crypto To Explode?
As Story experiences a short-term pullback at its resistance zone, BTC Bull Token (BTCBULL) charges ahead with exceptional momentum and has raised over $2.9 million in its presale, drawing investors who are eager for Bitcoin rewards in.
This momentum has caught the attention of crypto analysts. Among them is an analyst on the 99Bitcoins YouTube channel, which has over 726k subscribers. In a recent video, he predicted that BTCBULL could surge 10x after launch.
What sets BTC Bull Token apart is its innovative Bitcoin giveaway system. The first reward unlocks when Bitcoin reaches $150,000, with additional BTC distributions at every $50,000 milestone, fueling excitement among holders.
However, the real game-changer is BTCBULL’s deflationary mechanism. Every time Bitcoin’s price jumps by $50,000, starting at $125,000, a portion of BTCBULL tokens will be burned. This shrinking supply amplifies scarcity. Coupled with the high demand seen so far, these token burns could potentially boost BTCBULL’s value over time.
BTC Bull Token has even bigger plans on the horizon. When Bitcoin reaches $250,000, the project will also roll out a major BTCBULL airdrop, rewarding buyers from the Community Sale.
🚨 $BTCBULL is Live in Upcoming Tokens! 🚨@BTCBULL_TOKEN is a Bitcoin rewards-based meme token that delivers milestone-based airdrops as Bitcoin hits new price levels.
With built-in incentives for buying, holding, and trading, $BTCBULL gives holders a new way to stack BTC.… pic.twitter.com/BMzBHcLltU
— Best Wallet (@BestWalletHQ) February 10, 2025
Right now, tokens are selling for just $0.002385 and can be purchased with BNB, ETH, USDT, or a bank card directly on the official BTC Bull Token website. However, the price is set to increase in less than 2 days.
Investors who purchase BTCBULL can also stake their tokens for a massive 148% annual return.
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