The crypto asset Story IP is skyrocketing, reaching a new peak at $11.75. This surge is driven by a blend of strong fundamentals and increasing institutional interest. Traders speculate on whether the bulls can push the price even higher.
The cryptocurrency universe is buzzing with Story IP reaching new heights. Story IP’s meteoric rise, with a 19% increase in 24 hours, has propelled its price to a new record of $11.75. This surge comes with a price increase of over 30% during the past week, bringing its market capitalization to $3.11 billion. What’s particularly noteworthy is the 675% spike in daily trading volume to $652.2 million.
The reasons behind this spectacular rise aren’t purely technical, but also fundamental:
Technically, Story IP has broken through the Fibonacci 23.6% retracement at $10.26, with an RSI-14 at 68.19 and a MACD at +0.25, reflecting increasing bullish pressure. The price is trading above its 7-day moving average at $8.57, with a premium of 16.7%, which shows significant strength but also leaves the door open for a potential short-term pullback.
The key support level is at $9.34, while major resistance levels are at $11.75 and $13.46, levels to monitor for anticipating market movements. With solid fundamentals and growing interest from institutional investors, Story IP remains promising, but caution is advised given the volatility.
Buy IP/USDT on Pionex at $10.32 and target $11.75, taking advantage of the bullish momentum and technical strength. Here’s a buying guide for Pionex:
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