In recent hours, the cryptocurrency market has shifted its focus to Story (IP) — a blockchain designed for managing intellectual property. However, the drop in prices raises concerns among investors.
Comparison of Story (IP) and HYPE
Story (IP) has shown a similar structure to the recent decline of Hyperliquid (HYPE). The HYPE chart indicates a sharp rise of 232% followed by the formation of a symmetrical triangle, leading to a significant breakdown. Similarly, Story (IP), after a rise of 445%, formed a symmetrical triangle but failed to hold its lower boundary, leading to a drop to $3.50.
Likelihood of Further Decline
If Story (IP) continues to follow HYPE's trend, a decline towards the support zone around $1.50 could be expected. This would signify a nearly 80% total drop from recent highs, which is unsettlingly reminiscent of HYPE's situation.
Future Prospects for Story (IP)
Future movements of Story (IP) will be interesting to observe. Will the cryptocurrency find support or continue its decline towards the $1.50 zone? While such declines could lead to potential accumulation zones, such simple fractal analogies do not always guarantee identical outcomes.
Attention will be focused on Story (IP)'s reaction over the coming days and whether it can regain support at current levels or continue its downward trajectory.
