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Vignesh S G
Vignesh S G
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- Feb 25, 2025 12:04 UTC
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Story Protocol’s IP Token Price Analysis: Will It Reclaim Its $9 ATH?
IP token, launched February 13th, saw explosive initial growth, reaching a peak of $9, but has since experienced volatility.
Recent market analysis indicates potential for a rebound, with bullish indicators suggesting a possible return to its all-time high.
Story Protocol, the project behind IP, is a Layer 1 blockchain focused on tokenizing intellectual property for an AI-driven future.
With a 27.3% surge in the last 24 hours, IP, the native token of Story Protocol, has emerged as the top-performing cryptocurrency of the day. This exceptional rally has caught the crypto community’s attention, reigniting discussions about its potential.
Launched on February 13, IP made an explosive debut, skyrocketing 1,445.45% on its first day. Since then, the token has surged 3,933.08%, reaching an all-time high (ATH) of $9 on February 20. However, the price has since pulled back, currently sitting at $4.935, which is 45.16% below its peak.
The big question now: Can IP reclaim its ATH? Let’s dive in!
IP’s Price Swings
While IP saw an impressive 104.09% jump on February 20, it faced a sharp 30.09% correction between February 21 and 23. The token has yet to fully recover from this downturn.
Analysts note that IP has been trapped in a descending parallel channel since February 21. However, the recent 27.3% rally in just 24 hours suggests a possible breakout.
Technical Indicators Signal Bullish Momentum
In the four-hour chart of IP, the MACD line (blue) sits slightly above the MACD signal line (orange). What this indicates is the domination of bulls in the market.
The Elder-Ray Index reading of IP stands at 0.40. This also suggests that buyers have gained a clear edge in the IP market.
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Key Price Levels: What’s Next for IP?
Experts predict that if the price of IP breaks above the trendline of the aforementioned descending parallel channel, it could reclaim its ATH level of $9.
Experts warn that if sellers regain their control over the market, the IP price may decline to as low as $4.36.
Story Protocol: What You Should Know
Story Protocol is a Layer 1 blockchain project aimed at making intellectual property programmable and accessible in an AI-driven world through tokenisation. It was on February 13 that Story Protocol officially launched its mainnet.
With the latest surge, IP is back in the game, but the real test is yet to come.
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FAQs
A Story IP refers to intellectual property in Story Protocol, enabling digital content tokenization and ownership in an AI-driven ecosystem.
MACD shows bullish momentum, and the Elder-Ray Index at 0.40 indicates buyers have an edge, signaling potential price recovery.
Yes 
No 
