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TheNewsCrypto

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Story (IP) Bulls Eyeing a Strong Move; Is it Preparing for Breakout

  • IP token has dropped from $5.00 highs to $4.08, indicating a bearish consolidation pattern with lower highs and lows.
  • The token is currently trading below the key 50-day EMA and 200-day EMA, serving as resistance levels.
  • Story Protocol has shown volatility, struggling to maintain support levels after the decline from recent highs.
  • Technical indicators like MACD, RSI, and Momentum suggest a bearish sentiment, with potential resistance at $4.20-$4.32.

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