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The Story price surged 13% in the last 24 hours, trading at $2.98 as of 12:19 a.m. EST, with trading volume skyrocketing 113% to $53 million.
The surge in the IP price has pushed the altcoin to the top of the gainers list on CoinMarketCap.
Story Price Shows Early Signs Of Trend Reversal
The IP price on the daily chart displays a prolonged downtrend that appears to be showing early signs of reversal.
After peaking near the $7.39 mark, the Story price steadily declined, finding recent support around the $2.48 level, slightly above the 0.786 Fibonacci retracement, as GeckoTerminal data shows.
IP price action formed a falling wedge pattern, a typically bullish reversal structure, which has just been broken from the lower boundary of the wedge.
The 50-day moving average (MA) is currently above the price at $4.05, acting as the first significant resistance level.
Meanwhile, the Relative Strength Index (RSI) stands at 37.22, indicating that the asset is still in bearish territory but has rebounded from oversold conditions. This RSI level suggests increasing buying pressure and potential for a bullish trend reversal.
IP has bounced from the 0.786 level ($2.36), with the next targets now at the 0.618 ($3.43), 0.5 ($4.19), and 0.382 ($4.95) retracement levels.
If the breakout sustains above the $2.98 level, the price of Story could aim for a bullish move toward the $4.80–$5.00 range, a 61% move from the current level.
However, failure to hold the $2.98 level and a fall back into the wedge zone would invalidate the bullish breakout, potentially leading to a retest of the $2.36 support.
Meanwhile, investors are piling into a new Bitcoin-themed meme coin called Bitcoin Hyper (HYPER), which aims to scale the Bitcoin blockchain.
According to 99Bitcoins, a popular crypto channel on YouTube with over 723K subscribers, HYPER could potentially soar 10X after launch.
Bitcoin Hyper Presale Charges Toward $2 Million – Next 10X Crypto?
Bitcoin is the original blockchain, the one that started it all. Although it’s trusted, it’s not built for everything. This makes it fall behind in some areas.
BTC needs scaling, but not every solution gets it right.
Enter Bitcoin Hyper. Bitcoin Hyper is a layer-2 Bitcoin solution built on the Solana Virtual Machine (SVM). The project is now in presale and has already raised over $1.5 million.
Bitcoin Hyper scales the Bitcoin blockchain by processing transactions with extremely low latency, drastically improving speed and lowering costs.
🚨 Bitcoin Hyper is now live in Best Wallet! 🚨@BTC_Hyper2 is building Bitcoin’s first Layer 2 focused on real scalability — enabling fast, cheap BTC transactions, meme coins, dApps, and more.
It’s secured by Bitcoin L1 and powered by Solana VM tech for high speed and massive… pic.twitter.com/5Ktj12RCR1
— Best Wallet (@BestWalletHQ) June 5, 2025
Furthermore, the integration with the SVM allows Bitcoin Hyper to process smart contracts at lightning-fast speeds.
It means developers can build real-world apps, such as dApps, games, and NFT platforms, that respond instantly and cost very little to run.
The project functions on a decentralized Canonical Bridge as well, which ensures seamless and secure transfers between Bitcoin’s base layer and BTC Hyper.
Apart from scalability, the team has allocated 5% of the total 21 billion HYPER token supply for rewards, offering investors an impressive 504% annual percentage yield (APY) for purchasing and staking the tokens.
Investors interested in participating in the presale can visit the official Bitcoin Hyper Token website to buy HYPER for $0.012 each using crypto or a bank card.
Buy before the next presale price increase in around 33 hours.
Visit the Bitcoin Hyper Token website.
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