News View Non-AMP

Story Protocol’s IP Token Price Analysis: Will It Reclaim Its $9 ATH?

Published by
Vignesh S G

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.

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.

FAQs

What is a Story IP?

A Story IP refers to intellectual property in Story Protocol, enabling digital content tokenization and ownership in an AI-driven ecosystem.

What technical indicators suggest a bullish trend for Story (IP)?

MACD shows bullish momentum, and the Elder-Ray Index at 0.40 indicates buyers have an edge, signaling potential price recovery.

Vignesh S G

Vignesh is a young journalist with a decade of experience. A proud alumnus of IIJNM, Bengaluru, he spent six years as a Sub-Editor for a leading business magazine, published from Kerala. His interest in futuristic technologies took him to a US-based software company specialising in Web3, Blockchain and AI. This stint inspired him to view the future of journalism through the lens of next generation technologies. Now, he covers the crypto scene for Coinpedia, uncovering a vibrant new world where technology and journalism converge.

Recent Posts

Solana Price Prediction 2025, 2026 – 2030: SOL Price Targets $500 Next?

Story Highlights Solana Price Today is . Solana price could reach a potential high of…

April 11, 2025

Ethereum Price Today: Bearish Trend Returns as Fed QT Slows Momentum

Trump’s tariff war and pause theory has given many ups and downs to the crypto…

April 11, 2025

XRP Price Prediction 2025, 2026-2030: Is $3 Now Out of Reach?

Story Highlights The XRP Price LIVE: . The price could hit a high of $3.99…

April 11, 2025

Grayscale’s New Altcoin Watchlist Reveals Top Crypto Investment Picks for Q2 2025

Grayscale, one of the largest digital asset managers in the world, has just refreshed its…

April 11, 2025

Ethereum Price Prediction 2025, 2026 – 2030: ETH Bull Run to Start in May?

Story Highlights The Ethereum price today is . ETH price with a potential surge could…

April 11, 2025

Gold Hits Record $3,200 Amid U.S.-China Trade War—Is Bitcoin the Next Safe Haven?

Despite rising global tensions from the trade war, gold stands strong, recently hitting a record…

April 11, 2025