The Story IP token has captured the attention of the crypto community following significant price volatility in recent hours. Initially, it lost over 20% of its value before managing to recover.
Sharp Drop in Story IP Token Price
The Story (IP) token exhibited unexpected volatility, dropping by 21.5% in just minutes. This triggered panic among traders and led to retesting of the lower price target.
Retesting of Multi-Month Low
After displaying sideways price action for a period, the Story token experienced a significant rise in liquidation processes, witnessing an increase of over 176% in intraday trading volume, amounting to $119.35 million.
Prospects for Story IP Price Increase
If bulls regain momentum, the token price may retest an important resistance level at $4.075. Staying above this level could push the price to $4.310. Conversely, an increase in liquidations might pull the Story price down to $3.555.
The current situation with the Story IP token demonstrates significant volatility and potential opportunities for price growth, but there remains the possibility of further corrections.
