Story Protocol (IP) Primed for a Short Squeeze? Here's What the Chart Says ๐๐ฅ
Hereโs the trending token list you need to keep an eye on: ๐๐ฅ $IP ๐๐ฅ $ARB ๐๐ฅ $MATIC
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IP (Story Protocol) โ Ready to Explode?
The latest chart for IP/USDT suggests that something big might be brewing. A clear bullish falling wedge pattern has formed after the initial parabolic run-up. The price has been consolidating inside this wedge, and now itโs approaching the apexโa typical setup before a breakout.
Volume has significantly dropped, RSI is sitting at 54.30, and a potential breakout could trigger a 731% rally back toward the $20 regionโjust like its initial run.
Whatโs Fueling the Hype?
๐ธ Bullish Continuation Setup โ Falling wedges often signal continuation. This one looks picture-perfect.
๐ธ Low Volume = Short Squeeze Potential โ With fewer sellers and a breakout above resistance, shorters may be forced to cover quickly.
๐ธ Massive Target Projection โ If the wedge resolves upward, a 7x move isnโt just possibleโitโs on the table.
๐ธ RSI Still Has Room โ The 54.30 reading on the RSI shows there's still space before becoming overbought, meaning there's room to run.