The price of Story (IP) has experienced a significant surge, increasing by over 20% in the past 24 hours and reaching a market capitalization of $1.22 billion. This strong bullish momentum is reflected in the increased trading volume, indicating growing investor interest and activity. 📈 📈 📈
Analysts attribute this rise to expanding decentralized finance (DeFi) applications and increasing institutional investment.
Technical analysis also supports the bullish trend. The price has been steadily climbing for several weeks, offering substantial returns to early investors. A remarkable 67% gain was recorded last month and a significant 145.58% surge last week. 🚀🚀
Story (IP) currently sits at an impressive 370% gain from its all-time low of $1.00, reached on February 13, 2025.
The coin’s price has also risen by a considerable 33% compared to its all-time high of $7.11. Notably, the recent buying activity appears to be influenced by some profit-taking followed by aggressive accumulation at lower prices.
According to CoinMarketCap data, Story (IP) is currently trading at $4.885 with a 20% intraday increase, highlighting strong bullishness.
The daily trading volume has surged by 80%, signaling buying momentum and an increased volume-to-market ratio of 51.87%.
Technical analysis shows that the price is currently above both its 4-hour and 1-hour exponential moving averages on TradingView, indicating investor confidence.
Resistance levels at $5.3 and $5.8 present key obstacles to further growth. A successful breakout could propel the price towards the $8 mark or even lower if resistance is not overcome. The RSI currently sits at a bullish level of 64.41.
The trading view technical summary for Story (IP) also shows that all four indicators are exhibiting a buy signal, with none indicating a sell signal. This indicates strong bullish momentum.
Overall, the current trajectory of Story (IP) points to continued growth in the coming days.