Artificial intelligence symbols are heating! Story Pump 25 % is just a start if … star-news.press/wp

Main meals

• The story protocol led the metal currencies of artificial intelligence on the second day of seeing altcoins, with the liquidity area and the series activity that supports this ascension. However, IP faces a major test at $ 5?

The encryption markets continued to rise after the potential start of the Altcoin season, as shown in the previous ABCRYPTO analysis, as Alts outperformed Bitcoin.

Among the artists of the AI currencies, led by the story (IP), injection (ing), among other things.

For IP, Altcoin gained 25 % in one day while the volume was 181.44 million dollars, an increase of about 170 %. ATH was still at $ 8.96 or a decrease of about 52 %, with a decrease in the day at $ 3.59.

The increase in IP prices was an indication that the creativity of the continuity of the upward trend was still a possibility.

In fact, through the price of the distinctive code the concession channel and moved over the resistance, which restricted the upper progress. The top of the channel was higher than $ 7 while it was low at $ 2.5.

At the time of the press, IP was traded at $ 4.386 and appears to be heading towards the lower border of the pattern at $ 3.80, where a decisive step may occur- either a recovery or collapse.

The buyers led the charge

Source: TradingView

Of course, the money flow index (MFI) at 77.46 signed a strong purchase pressure, almost to the level of peak purchase.

The inability to break $ 5 after re -test may lead to a decrease in the negative side to $ 3.60, a previous support area.

In addition, the purchase momentum was still valid because the size of the balance (OBV) was still estimated.

However, if IP can recover $ 5 and her heart to support, the upholsome thesis may remain alive.

Restoring the magnet appears to the danger areas near 5 dollars

On Coinglass’ Heatmap “, dense sets of references were accumulated between $ 4.5 and $ 5.08, including a high concentration area at 516 thousand dollars.

Source: Coinglass

This level is completely in line with IP resistance failed to overcome it, which means that it is not only that technical traders see this line – the leverage is also loaded here as well.

In fact, if the price recovers this area, you may follow another round of short liquidation up. But failure to maintain $ 4.3 may easily reveal bullish momentum.

Evaluation of the Story Series Activity (IP)?

More consideration of the series’s activity on ScrutinizeShe indicated that many important standards were currently rising.

The complete cumulative transactions of the IP 34.907 million transactions, while 253,807 represented the past 24 hours alone.

For the total accounts, via the number 772,858, while the active accounts were less than 10,000.

The total addresses are 3.83 million with new flat transactions since July 29, and the total volume of IP transfers reached 1.789 million, at the time of the press.

In addition, the active accounts also indicated an increase in participation, with a significant rise in early July.

Source: Examine the story

Supporting the activity of the contract this rise in participation. Over the past two weeks, 2,742 new contracts have been confirmed, raising the total number to 321,935.

Such nails are often preceded by publishing operations in the chain, in which case, the thesis that this is not just a one -day pump.