Story Network (IP) Price Breaks Above $2.40 Amid Upgrade Buzz
- Technical Breakout: The IP price has surged above the 30-day simple moving average of $2.22, indicating a loss of control by sellers and increased buyer confidence, with approximately $183 million traded in the past 24 hours, reflecting heightened market activity.
- Upgrade Anticipation: Story Network successfully executed its “Yusan” mainnet upgrade on January 14, 2026, attracting speculative buying, although there is a risk of a “sell the news” reaction if the upgrade does not lead to immediate demand.
- Market Dynamics: The current price increase results from a combination of technical breakout, upgrade speculation, and region-specific buying, suggesting a rising interest in IP that could lay the groundwork for future growth.
- Sustainability Challenges: To ensure the sustainability of this breakout, the IP price must remain above $2.22; failure to generate actual demand post-upgrade could lead to a short-term price correction.
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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 | 0.275 | 0.667 | 1.012 | 1.404 | 1.749 | 2.141 | 2.486 |
| Fibonacci | 0.667 | 0.948 | 1.122 | 1.404 | 1.686 | 1.86 | 2.141 |
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