Story Protocol price has shown a steady rise, breaking above the upper boundary of the accumulation range, potentially leading to further growth towards $4.
Steady Rise of Story Protocol Price
In the past 24 hours, Story Protocol price increased by 10%, reaching $3.21, with trading volume surging nearly 300%. After bouncing off the lower boundary of the accumulation range, the price has now tested the upper boundary, hitting an intraday high of $3.40.
Analysis of Bullish Pattern
The price is currently at the neckline of a confirmed double bottom pattern, with two bottoms forming at the range’s lower boundary around $2.80 — a strong support zone tested four times. The latest test triggered a sharp rebound on rising volume, reinforcing the breakout potential. A confirmed breakout would require a 4H or daily close above the neckline around $3.3. If confirmed, the pattern implies a measured move target near $3.8 – $4, based on the depth of the formation.
Fundamental News Impacts
The price rebound follows a major development on the fundamental front. On June 24, Story Protocol announced a partnership with OKX Ventures to launch a $10M fund for startups. The fund aims to support early-stage teams creating infrastructure and applications that transform IP into programmable, on-chain financial assets. Selected startups will receive capital, technical guidance, and access to Story’s and OKX’s resources, accelerating innovation in IP tokenization.
The price of Story Protocol continues to demonstrate strong growth, supported by both technical analysis and fundamental news, which could lead to further upward movement.
