Story [IP] Latest Price Prediction Capture the Key Divergence Signals Now

• Story [IP] is in a bearish structure but may bounce back to the level of 3.4 USD.

• The liquidation heatmap suggests a potential upcoming bearish reversal.

Token Story [IP] has lost 27% of its value since June 11. However, in the past 3 days, IP has slightly recovered with an increase of 12.89%, helping to mitigate previous losses. Despite this recovery, the market structure still maintains a bearish trend at this time.

The strong volatility of Bitcoin [BTC] is spreading across the entire cryptocurrency market.

With the bearish outlook of IP, traders should take the opportunity to sell. TinTucBitcoin has highlighted important resistance levels that need to convert into support for the Token to establish a sustainable uptrend.

Price prediction for Story IP – Bears are expected to control the next move.

Source: IP/USDT on TradingView

In May, the bullish IP attempted to establish an uptrend. They succeeded in shifting the market structure to a bullish state and pushed the price above moving averages. However, this was only a short-term rebound before the downtrend returned at the end of the month.

The prolonged depreciation over the past two weeks has caused IP to drop to new lows. Fibonacci retracement levels were established based on this downward movement. Specifically, price areas of 3.41 USD, 3.61 USD, and 3.89 USD are considered important resistance levels that are expected to hinder upward momentum if the price wants to recover.

The OBV indicator has increased over the past week, but the Awesome Oscillator still maintains a strong selling pressure signal. This contradiction will only be resolved when observing price action, especially when the market structure on the 1-day frame still leans towards bearish.

Re-testing the supply zone of 3.5-3.6 USD could be an effective selling point for tactical investors.

Source: Coinglass

The liquidation heatmap also confirms this assessment. In the past month, the price range that attracted strong liquidation flows is around 3.2-3.3 USD and 2.4 USD.

Prices tend to be attracted to large liquidity zones. Therefore, the accumulated liquidation flow at local peaks is likely to be cleared before the next drop occurs. This could also be the driving force pushing the price up to the 3.41 USD level – the 50% Fibonacci retracement.

Investors should be cautious and flexible in seeking favorable selling points. The upcoming trading week is predicted to be highly volatile, with potential for high returns if there is an accurate entry strategy.

Source: https://tintucbitcoin.com/du-doan-gia-story-ip-moi-nhat/

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