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The price of Story (IP) token has surged 18.44% in the last 24 hours, reaching $6.25, following Donald Trump’s latest crypto reserve announcement. Since its launch, the token has skyrocketed by 549.69%, fueling speculation about whether it can break through the $12 mark.
Story (IP) Gains Momentum After a Strong Recovery
Launched on February 13, 2025, Story Protocol’s native token, Story (IP), has quickly become one of the most-watched assets in the market. Data from CoinGecko shows that after an initial rally from $1.938 to $8.9172, the token faced a correction, dipping to $3.8964 before rebounding with strong buying support.
Story (IP) Technical Analysis: Can the Rally Continue?
Analyzing the IP/USDT pair, price movements indicate a bullish continuation pattern. The 9-day Exponential Moving Average (EMA) is providing strong dynamic support just below the price. Meanwhile, the Relative Strength Index (RSI) stands at 68.85, just below the overbought zone, suggesting the uptrend remains intact but could face minor pullbacks.
After finding support at $3.82, Story (IP) successfully broke through resistance at $5.66 and surpassed $7.00. The MACD indicator confirms this bullish momentum, with the MACD line crossing above the signal line and green histogram bars increasing—signs of growing buying pressure.
Key Resistance Levels: What’s Next for Story (IP)?
According to TradingView, if bulls push the price beyond the current range, the next key resistance lies at $7.8744. A successful breakout above this level could drive Story (IP) to $9.5383, with potential upside toward the $12 mark. However, if the token faces rejection at this resistance, it may consolidate within the current range, leading to short-term price fluctuations.
Investors are closely watching Story (IP) as it maintains strong momentum. Stay tuned to Turkish NY Radio for the latest updates on the crypto market.
