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<ul class="wp-block-list"><li>IP has broken out of a symmetrical triangle pattern, signaling a bullish trend with potential resistance at $7.0 and $7.5.<br></li><li>Technical indicators, including a moving average crossover and MACD strength, support a continued upward move toward the projected $8.7 target.<br></li><li>If the breakout holds, traders anticipate further gains, while a false breakout could see price retesting the $5.5–$6.0 support zone.<br></li></ul><p>The latest technical analysis of <a href="https://cryptofrontnews.com/story-ip-ip-poised-for-breakout-can-it-surge-46-soon/" rel="noopener noreferrer nofollow">Story IP shows a symmetrical triangle breakout</a> with rising bullish momentum. The coin traded at <a href="https://www.coingecko.com/en/coins/story" rel="noopener noreferrer nofollow">$6.14</a> At the time of writing, with a 24-hour volume of $189.25 million, supported by strong moving average crossovers and increased volume, suggesting further upward movement.</p><h2 class="wp-block-heading" id="strong-symmetrical-triangle-breakout-strong"><strong>Symmetrical Triangle Breakout</strong></h2><p>The chart shows a symmetrical triangle pattern with converging highs and lows. Price action indicates a breakout on the upper resistance line. A tweet from Alpha Crypto Signal stated, "It has broken its trendline and currently no sign of weakness. More pumps can be expected in the coming days." The tweet supports a strong technical move.</p><figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXduUYXFB1SnqM7yqhu5J2orVX2TJ03579Ut_2zZyf7IA3nDYxE5arcecsDDBEimIbDOyNLBkMZZ3N7WWOmQ225ToJ-jo6UC9_1Pd0h-geNet3FRPZYjlWr3Ydgr-wmaUkIDp_DO9A?key=dVsWrA1AAb2q3OBcoIRIZ3bi" alt=""><figcaption class="wp-element-caption"> Source: <a href="https://x.com/alphacryptosign/status/1904491889623183741" rel="noopener noreferrer nofollow">Alpha Crypto Signal</a></figcaption></figure><p>The breakout resulted in a decisive green candle. Price now projects an upward path along the measured target near $8.7. The symmetrical triangle formation has ended its consolidation phase. Traders note that the breakout confirms the chart pattern's bullish nature.</p><h2 class="wp-block-heading" id="strong-price-action-and-technical-indicators-strong"><strong>Price Action and Technical Indicators</strong></h2><p>The analysis shows that price action has surpassed the triangle resistance level. The current trend appears robust as price tests new territory. The chart includes a descending trendline drawn from previous highs. The price breaking this line signals a possible trend reversal.</p><p>Moving averages add further context to the move. The 9-period moving average crosses above the 21-period moving average. This crossover occurs with clear blue arrow marks on the chart. The MACD line sits above the signal line, suggesting a mild bullish trend. The bullish crossover from both the moving average and MACD supports the idea of the breakout, which will lead to a bullish surge.</p><figure class="wp-block-image"><img src="https://lh7-rt.googleusercontent.com/docsz/AD_4nXfPKEs3zIWLouPI4K-KMY9b_9fV39_pHF9vyaBGfaVDVthTMN0FrN_Bt4hZQ2Z8h2O8tRE-sa1g8iM34wxYEVy-Szx_dXQq6D-ICJ7HFZP-wEyIxpAuz_6RweTRMzJjbOApx8Y4HA?key=dVsWrA1AAb2q3OBcoIRIZ3bi" alt=""><figcaption class="wp-element-caption"> Source: <a href="https://www.tradingview.com/x/NwZjxePI/" rel="noopener noreferrer nofollow">TradingView</a></figcaption></figure><h2 class="wp-block-heading" id="strong-support-resistance-and-strong-future-outlook"><strong>Support, Resistance, and </strong>Future Outlook</h2><p>The previous resistance between $6.0 and $6.2 may now serve as support. Analysts consider this a key level for validating the breakout. Potential resistance levels are expected near $7.0 and $7.5. These levels guide traders on the next price targets.</p><p>If the price holds above the breakout level, further upward movement toward $8.7 is projected. A false breakout could lead to a retest of levels around $5.5 to $6.0. The ongoing consolidation and volume patterns remain critical for confirming the trend.&nbsp;</p><p>The post <a href="https://cryptofrontnews.com/story-ip-breaks-symmetrical-triangle-targets-8-7-amid-strong-bullish-momentum/" rel="noopener noreferrer nofollow">Story IP Breaks Symmetrical Triangle, Targets $8.7 Amid Strong Bullish Momentum</a> appears on <a href="https://cryptofrontnews.com" rel="noopener noreferrer nofollow">Crypto Front News</a>. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.</p>

Story IP Breaks Symmetrical Triangle, Targets $8.7 Amid Strong Bullish Momentum

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