Story Protocol's Native Currency (IP) Has Surged 18.44% in the Past 24 Hours

The total cryptocurrency market has risen about 10%, or more than $330 billion, within hours since US President Donald Trump announced the US strategic reserve of

The total cryptocurrency market has risen about 10%, or more than $330 billion, within hours since US President Donald Trump announced the US strategic reserve of cryptocurrencies including bitcoin and Ethereum.

As investors responded to the news, the statement, which was launched on February 13, 2025, sent shockwaves across the cryptocurrency market, skyrocketing prices.

Investors quickly responded to the news, and the statement, which was launched on February 13, 2025, sent shockwaves across the cryptocurrency market, quickly pushing prices up.

In response to the development, Story (IP) token price surged 18.44% to $6.25 within 24 hours of trading on February 20. The token is also up a massive 549.69% since it was launched.

Following the gain, the Story (IP) chart consolidates into a Bullish Continuation Pattern. After a week of launch, the Story price began to gain momentum, moving from $1.938 to reach a high of $8.9172. The price dropped to $3.8964, but it quickly recovered and continued its ascent to maintain the bullish momentum.

At the moment, the 9-day EMA (Exponential Moving Average), which provides support for further upward price movements, is above the price. The RSI stands at 68.85, placing it slightly below the overbought zone (70).

Although this indicates positive momentum, it also suggests that the price may experience a slight correction before another breakout attempt.

The IP/USDT chart is currently showing signs of bullishness.

The price of IP surged past $7 after finding support at $3.82 and breaking through the barrier at $5.66. A bullish reversal is signaled by the MACD Line passing above the Signal Line in the chart above.

The green histogram bars on the MACD indicate increasing buying momentum, which typically leads to an increase in price.

The price is forming a Continuation Pattern, which is a bullish sign. A new wave of buyers is indicated by the higher lows and highs in the price trend.

The 9-day EMA (Exponential Moving Average), which provides support for further upward price movements, is above the price. However, the RSI stands at 68.85, placing it slightly below the overbought zone (70).

Although this indicates positive momentum, it suggests that the price may experience a slight correction before another breakout attempt.

If the bulls succeed in triggering a breakout above the crucial resistance at $7.8744, then the price could continue to rise and reach the next resistance at $9.5383, or even the expected price target of $12. However, if the price faces rejection at this stage, it may be accumulate back into the Continuation Pattern.