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Story IP has surged beyond a symmetrical triangle pattern, now trading at 6.35 USD. Overcoming resistance at 6.50 USD may set it on track for a significant 42% price increase to 9.00 USD.
With the Relative Strength Index at 61 and trading volume up by 180%, there is strong bullish sentiment around Story IP. Traders are positioned for an upward trend, emphasizing growing optimism in the market.
Story Coin has grown by 2.5% in the last 24 hours, priced at 5.47 USD. Over the past month, it has gained 178%, making it the top asset among the top 100 coins despite a recent 4% weekly decline.
Launched only a month ago, Story Coin has potential for growth, especially with its ties to the AI sector, which rewards creators for intellectual property. Its strong fundamentals suggest good long-term prospects.
Story Coin’s relative strength index has risen, indicating potential further gains. Following its peak of 7.31 USD on February 26, the drop of 25% is minimal compared to declines seen in other top coins.
Story’s IP has achieved a remarkable 17% gain over the past week, despite the general cryptocurrency market declining. This altcoin continued to show bullish momentum, driven by positive technical indicators.
Trading above the key support level of 5.54 USD, if buying pressure persists, IP could aim for its all-time high of 7.95 USD. Recent activity indicates strong upward trends and potential for further gains.
IP has emerged as the leading gainer, increasing 4% despite a broader market decline. The bullish momentum underscores strong demand and significant trading activity.
The short squeeze resulted in 1 million USD in liquidations, prompting bearish traders to adjust their positions as IP targets potential price points of 6 USD or could decrease to 4.36 USD.
IP trading volume is $97.57m.
IP trading volume is $201.45m.
IP trading volume is $147.39m.
IP trading volume is $119.33m.
IP trading volume is $97.24m.
Story Protocol (IP), the native coin of a Layer 1 blockchain platform designed for the digitization of intellectual property assets, continues to solidify its position with an impressive breakout growth.
Sustained growth in recent days has propelled IP to a price of 4.94 USD, marking a 394.09% increase from its initial listing price of 1 USD on February 13.
With a practical product model and strong growth potential, Story Protocol (IP) is expected to reinforce its position and emerge as the leading blockchain platform for intellectual property assets.