Has Buy the Rumour, Sell the News Crashed IP? Traders Balk

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The Story (IP) price, in a flourish of drama that even a dragon would file under “excessive enthusiasm,” has suddenly decided to take a jog back down the hill. The rally inspired more excitement than a wizard discovering a discount spell, and then-as price charts tend to do-the thing peered over the edge and decided to wobble. The timing matters because the drop arrives right after the catalyst window that gave the price its little sprint, like a bard finishing a ballad and realizing he forgot the chorus. 😂🤔

That’s why the street talk-also known as the trading floor, or whatever a market foghorn calls itself this week-is calling it a classic “buy the rumour, sell the news” caper. In the crypto realm, prices often rise ahead of big updates or listings, and then traders sell as soon as the event happens to lock profits or reduce risk. Now the question is whether IP is merely cooling off after an overheated sprint or if this selling is sturdy enough to start a deeper descent into the mines of volatility. 🧭💥

Why Is the Story (IP) Price Plunging?

Story (IP) is hovering around $2.36, down over 31% in the past 24 hours. Its market cap hovers near $821M, while 24-hour volume sits around $333M, both down about 28% to 30% in the same period. Heavy selling activity persists while a handful of optimists keep their glow-in-the-dark optimism turned on. But why the two consecutive days of a more than 30% pullback? 🤔

  • Post-rally profit-taking / “sell-the-news” behavior: traders often dump after a catalyst window instead of holding through volatility. 😅
  • Overheated move → mean reversion: sharp rallies tend to unwind fast once momentum cools.
  • Leverage flush: when price drops hard on big volume, it often includes long liquidations and forced selling.
  • Unlock overhang fear: vesting/unlock trackers show a near-term unlock event, which can spook traders into de-risking.
  • Thin liquidity effect: IP can move violently when sellers hit bids in size, accelerating the slide.

What’s Next for Story (IP) Price?

In the short term, Story price action is a melodrama of extremes, with volume exploding on both sides of the stage. The sellers seem to be directing the play, probably because profits are being squeezed after the latest upswing. Has the IP rally cooled? Will the Story price slip below $2? The market is looking at the coffee cup and wondering if the future holds more steam or just empty mugs. ☕️💨

Since the start of the year, IP has been climbing a polite staircase, with the ascending trend line acting as a sturdy if occasionally sarcastic guard. Bulls linger, waiting for a decent entry, and the price may break the local support at $2.29 to reach the trend line near $2.20. If the bulls foul their rebound attempt, the bears might tug the price toward a key reversal zone around $2. As RSI skims the lower threshold, a rebound from around $2 could be nudged into existence in the next few hours. 📈🧭

Despite the upward pressure, sentiment around Story remains bullish enough to suggest the pullback could be short-lived. So the IP price might make a strong comeback once the selling pressure is absorbed-perhaps not to its original glory, but at least back toward familiar territory, with a smile and a sensible risk calendar. 🚀😌

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2026-01-15 21:37