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Story (IP) Rebounds Strongly, Closes Above $3 with Bullish Indicators

  • Story (IP) surged 15.27%, closing at $3.09 after hitting an intraday high of $3.15.
  • Market cap rose to $898.87M, with volume spiking 117.65% to $67.02M.
  • Fully diluted valuation reached $3.11 billion, with 290.47 million tokens in circulation.
  • Immediate resistance for IP is at $3.18, with potential upside targets near $3.45.
  • Support levels are at $2.73 and $2.50, respectively, with a possibility of a trend reversal.
  • RSI at 39.74 shows signs of upward momentum, suggesting bullish potential.
  • CMF indicator flipped positive, indicating capital inflow surpassing outflow.
  • Moving averages nearing convergence could trigger a bullish crossover.
  • Bulls are in short-term control with daily volume exceeding 1.98M.
  • Price resilience at $2.73 set the stage for the rebound, with focus on breaking $3.18.
  • If resistance breaks, IP might reach $3.45 and potentially $3.70 but caution is advised.
  • Traders are monitoring IP's ability to maintain above $3.00 to sustain its structure.

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