Join Our Telegram channel to stay up to date on breaking news coverage
The Story price has surged 28% in the last 24 hours to trade at $6.42 as of 3:15 a.m. EST on a 186% pump in trading volume to $2.08 billion.
Story Price Eyes $7.00 Resistance As Bulls Push Higher
The IP/USDT chart on the 1-hour timeframe displays strong bullish momentum, though some signs of possible exhaustion are emerging. The price currently trades at $6.42, marking a 2.31% decline from the previous hourly close.
Throughout the session, the price has fluctuated, reaching a high of $6.684 and a low of $6.231, reflecting ongoing market volatility. Despite the slight drop, the broader trend remains positive, with price action forming a bullish channel within a parabolic curve, signalling increasing buying interest.
IPUSDT Analysis Source: Tradingview
The support zone around $0.93 – $1.00 (marked in yellow) previously served as a strong accumulation base before the parabolic move began. Since then, the price has steadily climbed, encountering intermittent corrections but maintaining its bullish trajectory.
Bullish Technicals Signal Short-Term Pullback
The current rally is approaching a major resistance level at $7.00, which will be a crucial battleground between buyers and sellers. If bulls manage to break and sustain above this resistance, the next potential price targets lie around $8.00 – $8.50, as momentum traders could push the price higher.
However, the Relative Strength Index (RSI) at 69.38 signals caution, as it is approaching the overbought threshold of 70. This shows that buying pressure may be reaching a peak, increasing the likelihood of a pullback.
If the price fails to break the $7.00 resistance level, a rejection could lead to a correction towards $5.50 – $5.80, with a more substantial decline potentially testing the $4.30 – $4.32 support zone, which aligns with key LuxAlgo trendlines.
For traders, the next move will depend heavily on how the price reacts at $7.00. A confirmed breakout above this level with strong volume could signal the continuation of the bullish trend, whereas a rejection could lead to short-term weakness.
BTC Bull Token Presale Zooms Toward $3 Million – Next Crypto To Explode?
While the Story price struggles at the resistance zone, BTC Bull Token (BTCBULL), a new Bitcoin-inspired meme coin, is gaining strong momentum. It has already raised over $2.8 million in its presale, attracting investors eager to earn Bitcoin rewards.
BTC Bull Token comes with an exciting Bitcoin giveaway system that rewards holders as Bitcoin’s price climbs. The first giveaway kicks in when BTC hits $150,000, with more BTC distributions happening at every $50,000 milestone after that.
But that’s not all. BTC Bull Token also has a built-in deflationary mechanism. Every time Bitcoin’s price increases by $50,000, a portion of BTCBULL tokens will be burned, starting at $125,000. This continuous reduction in supply is designed to create upward pressure on the token’s value, making it even more rewarding for long-term holders.
🚨 $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
BTC Bull Token has even bigger plans ahead. When Bitcoin reaches $250,000, the project will roll out a massive BTCBULL airdrop, rewarding participants based on their purchases during the Community Sale.
In addition, investors can stake BTCBULL tokens for a huge 151% annual return, with more than 650 million tokens already locked in staking.
An analyst from the 99Bitcoins YouTube channel, which has over 726k subscribers, predicts that BTCBULL could soar 10x after launch.
For those who are interested, BTCBULL tokens are currently available for $0.00238 each and can be purchased using BNB, ETH, USDT, or a bank card on the official BTC Bull website.
Visit the BTC BULL Token website.
Related Articles:
- Pi Network Price Plunges 57% As Investors Pivot To This $2.4M Bitcoin ICO
- Grok 3 And ChatGPT Pick The Best Crypto To Buy Now
- Bitcoin, Ethereum, Dogecoin Plunge Amid Meme Coin Crash
Best Wallet - Diversify Your Crypto Portfolio
- Easy to Use, Feature-Driven Crypto Wallet
- Get Early Access to Upcoming Token ICOs
- Multi-Chain, Multi-Wallet, Non-Custodial
- Now On App Store, Google Play
- Stake To Earn Native Token $BEST
- 250,000+ Monthly Active Users
Join Our Telegram channel to stay up to date on breaking news coverage
