StoryIP

AI coins continue to draw strong attention heading into the first week of May, with Story (IP), Virtuals Protocol (VIRTUAL), and GRASS standing out for different reasons.
Story has shown modest gains but remains below the explosive pace set by other AI projects. Conversely, VIRTUAL has surged nearly 90% in just seven days, benefiting from the renewed hype around crypto AI agents.
Story (IP)
Story (IP) is up nearly 5% over the past seven days but has been underperforming compared to other top AI-focused coins in the same period.
While many AI tokens have seen explosive gains recently, Story’s more modest move suggests a slower build in momentum.
Despite the lag, Story remains a project with strong fundamentals and growing relevance in the decentralized content space, making its recent price behavior worth watching closely.

IP Price Analysis. Source: TradingView.
Its market cap is now just above $1 billion, a psychologically important threshold that could influence future investor sentiment.
Technically, $IP is currently trading very close to a key support at $3.82; if that support fails, the next major downside target is $2.97.
However, if the support holds and momentum improves, IP could rally toward $4.49, and with stronger buying pressure, extend gains to $5.04 or even $6.61.
Virtuals Protocol (VIRTUAL)
$VIRTUAL has surged nearly 90% over the past seven days, fueled by renewed excitement around the narratives of artificial intelligence and crypto AI agents.
As AI narratives regain traction across the market, VIRTUAL has positioned itself as one of the top beneficiaries, quickly reclaiming attention after months of quieter trading.
The strong rally highlights the market’s appetite for AI-related projects and puts VIRTUAL in a strong position heading into the next major technical levels.

VIRTUAL Price Analysis. Source: TradingView.
Currently, VIRTUAL is approaching a key support at $1.008; if this level is lost, the next downside targets would be $0.84 and potentially $0.54 if selling pressure intensifies.
However, if VIRTUAL can maintain its positive momentum, it could rally toward the resistance at $1.17.
A successful break above this resistance could pave the way for a move to $1.30, and if buying interest remains strong, even $1.50 — a level VIRTUAL has not seen since February 5—could be within reach.
GRASS
$GRASS has been underwhelming compared to other major AI coins, with its price moving just 0.4% over the last seven days.
While many AI tokens have posted strong rallies recently, GRASS has remained relatively stagnant, suggesting that bullish momentum has cooled.
Despite the muted performance, GRASS still shows signs of underlying strength, but it remains uncertain whether it can capitalize on the broader AI narrative.

GRASS Price Analysis. Source: TradingView.
Technically, GRASS’s EMA lines are still bullish, with the short-term averages positioned above the long-term ones, but the gap between them is narrow, hinting that the trend could shift soon.
If selling pressure picks up, GRASS could test the support at $1.63; losing that level could lead to further declines toward $1.56 and even $1.45.
However, if GRASS can gather enough strength to test and break above the $1.74 resistance, it could open the door for a move higher to $1.82 and potentially $1.90.
#StoryProtocol #StoryIP #VIRTUAL #grass

Market Overview

The cryptocurrency market is showing signs of recovery following a sharp sell-off earlier this week, driven by a decline in U.S. inflation to 2.8%. This positive economic data has fueled a resurgence in Bitcoin (BTC), which has climbed past $83,000 from a 24-hour low of $80,000, bolstering overall market sentiment.

Amid this recovery, two recently listed altcoins—Story (IP) and Pi Network (PI)—are gaining traction, with notable price movements. Story (IP) has surged over 19% in the past seven days after breaking out from a key technical pattern, while Pi Network (PI) is approaching a similar breakout, signaling potential bullish momentum.

Story (IP) Breaks Out, Signaling Further Upside

Story (IP) has regained bullish momentum after successfully breaking out from a symmetrical triangle pattern that had been constraining its price movement for several weeks. On Tuesday, the token decisively moved above the upper descending trendline of the triangle at $5.21, coinciding with its 50-day moving average.

Technical Analysis & Price Action

Following the breakout, IP surged past the $5.93 resistance level, which has now flipped into a support zone, and is currently trading around $6.16. This movement indicates renewed buying pressure and suggests the potential for further gains.

Immediate Resistance: $6.96

Upside Target: $7.99 (a 30% potential increase from the current level)

A confirmed break above the $6.96 resistance could accelerate buying activity, setting the stage for a rally toward the $7.99 target.

Pi Network (PI) Approaching a Critical Breakout Zone

Similar to Story (IP), Pi Network (PI) has been consolidating within a symmetrical triangle pattern. The token recently found strong support near $1.36, aligning with its 20-day moving average, before rebounding toward $1.70.

Potential Breakout Levels & Targets

If bullish momentum persists, PI could soon test the upper descending trendline of the triangle near $1.92. A decisive breakout from this level would pave the way for a move toward key resistance zones:

First Resistance: $2.00

Next Target: $2.35

Main Upside Target: $2.99

A breakout above $1.92 could confirm a trend reversal, potentially driving PI toward the $2.99 level, representing a significant upside opportunity.

Market Outlook & Investor Considerations

The recent breakout in Story (IP) has generated bullish sentiment in the altcoin market, while Pi Network (PI) is approaching a pivotal moment. If PI follows IP’s trajectory, traders could see notable price appreciation in the coming days.

However, investors should remain cautious and consider key market indicators such as trading volume, macroeconomic trends, and broader market sentiment before making trading decisions. Confirmation of a breakout with strong volume will be essential in validating the next potential rally.