Since the start of the year, the IP price has been rising, holding the ascending trend line as a strong support. Now that the bulls are waiting for a good entry point, the price is believed to break the local support at $2.29 and reach the trend line at $2.2. If the bulls fail to trigger a rebound at this point, the bears may drag the price to an important trend reversal area at $2. As RSI is close to reaching the lower threshold, a rebound from $2 appears to be happening in the next few hours.
Despite the upward pressure, the sentiments around Story remain bullish, which suggests the current pullback could be short-lived. Therefore, the IP price is believed to experience a strong rise, once the selling pressure is absorbed completely, no matter if it reaches its initial levels.
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