Onyxcoin (XCN) Surges 15% as Expansion into South Korea Begins
- Onyxcoin Price Surge: Onyxcoin (XCN) saw its price jump over 15% in the past 24 hours, reaching new highs, primarily driven by news of its expansion into the South Korean market, indicating strong appeal among active traders.
- Korean Market Strategy: The Onyxcoin team announced that its website is now available in Korean and is seeking a second Korean-speaking ambassador to support the upcoming market expansion, which is expected to enhance its penetration in South Korea.
- Strong Performance by Story Protocol: Meanwhile, Story Protocol (IP) rallied over 26% during the same period, reflecting the positive impact of its community expansion plans, with the current IP price at $2.56, showcasing market recognition of its growth potential.
- Cautious Market Sentiment: Despite the strong price performances of XCN and IP, the overall crypto market sentiment remains low, with the Crypto Fear & Greed Index at just 27, indicating a cautious outlook among investors as the total market capitalization has slightly declined.
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Technical Analysis for IP
Technical Sentiment Analysis for Story (IP) As of , Story (IP) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 5 technical signals, shows that 2 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for IP stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, IP is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Story (IP) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.278 | 0.668 | 1.015 | 1.406 | 1.752 | 2.143 | 2.49 |
| Fibonacci | 0.668 | 0.95 | 1.124 | 1.406 | 1.687 | 1.861 | 2.143 |
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