Affected by the Israeli airstrike on Iran, the cryptocurrency market dropped over 3.5%, and Story (IP) also plummeted more than 12%. Its daily trading volume decreased by 16% to $43 million. The altcoin is currently trading within a downward channel, approaching the lower boundary at $0.80, with the Relative Strength Index (RSI) at an oversold level of 17.29. On-chain data shows that since February, the number of active accounts has fallen from 1,033 to 208, and gas fee expenditure has decreased to 1.73 IP tokens, indicating weak network activity. Its movement around $0.80 is likely to determine its next direction.

IP-0.53%
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