Story profits have been eliminated by 12 % within 24 hours – does the noise fade from IP? star-news.press/wp

• The IP decreased by 12.74 % in the last 24 hours at the time of the press, with prices trading slightly higher than $ 3.
• More short pants less than the level of $ 3.5 directly, with more negative capabilities after long requests less than $ 3.

The story protocol (IP) decreased by a significant difference as the price ranges at $ 3.08, which is 11.8 % decrease within 24 hours. The code has also decreased by 24.2 % a week and 26.4 % in the last two weeks.

Its monthly losses followed by 26.4 % in June a trend that started in March (-12.8 %), April (-15.6 %). However, the highest peak reached 125.5 % in February and a slight gain of 4.36 % in May.

The Q2 quarterly returns decreased by 35.7 % compared to the previous quarter, with a 96.7 % increase.

Source: Cryptorank

Within a short period of three months, the story protocol code decreased by 43.9 % since ATH from $ 7.29. However, IP rose by 26.3 % year to date.

This has proven that the mutation in February was not completely eliminated, but it was quickly narrowed.

Sparks decrease in rank

Since the direction of the story protocol showed a decrease in momentum and continuous sale pressure, it faced the level of $ 3 a possible collapse. Traders need to wait longer until the price showed signs of life, as it continued to bleed.

Meanwhile, the heat map for liquidation confirmed short liquidity from the crowd just less than $ 3.60. This was a potential power of landing pressure. With the decrease in prices, the long visible rank was seen at $ 2.90 and 2.50 dollars.

The levels were major areas where potential buyers could fight.

Source: Coinglass

The level of $ 3.00 has become a neutral axis. In this way, the high highlands would raise short pressure to $ 3.60, but the step less than $ 2.90 may give way to novels faster to $ 2.50.

In this regard, the price will be attracted to the highest concentration of liquidity.

Where does the IP price head?

The price of the story protocol at support was stopped at $ 3.50, a sign of a significant declining continuity. The continued trend was in a descending triangle, with the trend line as a leader.

The collapse of the support zone in the price range, which ranges from 3.50 to $ 3.60, led to a declining movement and may cause the price to drop against the support level of $ 2.98.

Any break less than $ 2.98 can create an area that leads to a decrease towards a larger apartment in the resistance/demand range of $ 1.91.

Source: Trading Offer

On the other hand, restoring the $ 3.60 sign would weaken its reliability and lead to a re -testing the trend line near the level of $ 4.00. The MACD index was very down.

This was due to the expanding gap of the signal line below the zero mark and the transgressions of the graph in red.

This continued to extend the opposite direction unless the upscale diversity is created.

Although the tone tends towards the landmark, there is a tendency to bring buyers to the scene with the price approaching $ 2.98.

Therefore, the response in the 3 -dollar region will play an important role when determining whether the IP settles or continues to decline.