- Story price showcasing strong bullish momentum on the technical chart.
- IP price is attempting to surge above the $4 level.
IP, the native token of Story Protocol, has surged by 31% in the last 24 hours. This price surge makes it the best performer among the top 100 cryptos. This pushes its market cap to around $820.35 million and ranks it among the top 10 biggest AI cryptocurrencies.
The strong rally has been ignited by increasing buying pressure six days after Story Protocol launched on Mainnet. Moreover, Story technical analysis suggests a new swing high is possible in the coming days.
IP price is in bulls’ grip and forming a bullish continuation pattern. The bulls look more active as corresponded to the bears so more scope for upside is open.
According to CoinMarketCap data, currently, Story price is trading at $3.277 with an intraday surge of 31%. The 24-hour trading volume is $502.61 million and the market cap stands at $815.49 million.
Will Story Price Hit $5 Mark?
Story price analysis showcases that bulls will lead the rally and continue its dominance. Till the IP price sustains above the $3.00 level the bulls will remain active and restrict the downside.
The technical analysis suggests that the IP price is on the buyers’ radar and may reach $5.00 in the upcoming days. It is bullish on a multiple time frame so the possibility of continuing the bullish momentum remains high.
The RSI curve is heading upward indicating bullishness. RSI indicator at 82 slopes upward demonstrating the strength of bulls and more scope for upside is open.
The price action favors the buyers so investors may look to play bullish bets and stay with the trend. Story price has upper resistance levels of $3.648 and $4.00 and the support levels are $2.198 and $2.00.
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