Digital currency Story (IP) broke a record price of $3.58 and reached a market value of $885 million with a 40% growth in the past 24 hours. This remarkable growth has positioned Story among the top 10 AI cryptocurrencies, surpassing Virtual Protocol (VIRTUAL). High buying pressure and indicators like Average Directional Index (ADX) and Chaikin Money Flow (CMF) signal the strength of Story’s upward trend. Technical analysis indicates increasing momentum and the Exponential Moving Average (EMA) structure supports the continuation of the upward trend. ADX reaching 55.1 signifies a significant increase from 34.2, indicating strong upward momentum. An increase in ADX to its highest historical value confirms Story’s trend is stronger than ever but may also suggest trend saturation. CMF has risen from -0.19 to 0.10, showing increased capital inflow and higher buying pressure. A positive CMF typically indicates investor confidence and strengthens the upward momentum. However, a decrease in this indicator could lead to a price correction or consolidation. Moreover, short-term moving averages surpassing long-term averages with significant distance between them indicate stable upward momentum. With this trend continuing, there is a possibility of Story’s price increasing to higher levels. Conversely, if the current momentum decreases, a price correction to $2.16 or lower is also possible. Visit the digital currency prices page to view live prices of all tokens and cryptocurrencies.
