Story: How IP’s price action depends on Bitcoin’s next move – BitRss

• Story has a bullish swing structure on the 4-hour chart, but might struggle to move beyond $7.1
• Bitcoin’s price movements could influence whether IP forms a range or sees a breakout

Story [IP] has rallied 19.5% in 24 hours and its trading volume saw a 143% hike, according to CoinMarketCap data. The rise in trading volume alongside price gains suggests a bullish conviction in the short term.

The $7 resistance region, which rebuffed the bulls toward the end of February, was likely to be challenged once again.

Analysis showed that IP was likely to test $7.2 soon, but a breakout did not appear as likely.

Will IP form another range below the $7.2 level?