The price of Story (IP) has surged over 10% in the last 24 hours following the launch of its mainnet. The cryptocurrency, which received significant funding from investors like Andreessen Horowitz and Polychain Capital, has seen its market cap surpass $500 million before a brief correction. Technical indicators suggest that IP is at an important point, with the Average Directional Index (ADX) indicating a strong trend, and the Bollinger Band Trend (BBTrend) remaining positive. If momentum holds, IP's price could continue to rise, but a decline in ADX or BBTrend could signal a potential consolidation or reversal. IP is currently trading between a resistance at $2.12 and a support at $1.90, with key levels at $1.79, $1.58, and $1.40 determining the direction of the trend. A breakout above the resistance could confirm bullish momentum and open the door for further gains.



Other News from Today