Crypto Express

07/13 02:05

AI tokens are heating up! Story’s [IP] 25% pump

Story Protocol led the AI coins on the second day of seeing altcoins’ gains, with liquidity zone and chain activity supporting this bullishness. However, IP faces a key test at $5?

The crypto markets continued to rise after the potential start to altcoin season, as noted in an earlier AMBCrypto analysis, where alts outperformed Bitcoin.

Among the performers are AI coins, which have been led by Story [IP], Injective [INJ], among others.

For IP, the altcoin gained 25% in a day while the volume was at $181.44 million, up about 170%. The ATH was still at $8.96 or a drop of about 52%, with its low of the day at $3.59.

The price surge of IP was an indication that triggering the continuity of the uptrend was still a possibility.

In fact, the token’s price crossed the descending channel and moved above the resistance, which confined upper advances. The channel’s top was above $7 while its low was at $2.5.

At press time, IP was trading at $4.386 and appears to be heading toward the pattern’s lower boundary at $3.80, where a decisive move – either a rebound or breakdown- may occur.

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