Story’s 12% profits wiped out in 24 hours – Is IP’s hype fading?
The $3 zone will likely play the most important role in IP’s future price movement. IP was down about 12.74% in the last 24 hours at press time, with price trading just above $3. More shorts forming just below the $3.5 level, with more downside potential following long leveraged orders below $3. Story Protocol [IP] plummeted by a huge margin with price ranging at $3.08, a price reduce of 11.8% within 24 hours. The token also decreased by 24.2% per week and 26.4% in the last two weeks.
Its 26.4% monthly losses in June followed a trend which started in March (-12.8%), April (-15.6%). However, it reached its highest peak of 125.5% in February and slight gains of 4.36% in May.
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