Story(IP) Price Breaks Above $6! Is IP token Heading to $12 Next?
The cryptocurrency market has risen by about 10%, more than $330 billion since U.S. President Donald Trump announced strategic U.S. cryptocurrency reserves, including Bitcoin and Ethereum. Prices soared as investors responded to the news, the statement launched a shock wave in the cryptocurrency market.
Despite launching on February 13, 2025, the Story Agreement’s mother money (IP) has soared 18.44% to $6.25 in the past 24 hours, indicating investors’ interests in the tokens since its launch.
As earnings are gained, the story (IP) chart consolidates the bullish continuation pattern. After a week of launch, Story price The growth momentum began, rising from $1.938 to a peak of $8.9172. The price briefly dropped to $3.8964, but it returned to its upward trajectory to maintain its bullish momentum.
IP/USDT chart looks bullish
Currently, the 9-day EMA (Exponential Moving Average) is a dynamic support for additional upward movements, currently higher than the price. RSI is currently 68.85, just below the over-interval zone (70). While this indicates positive motivation, it also increases the possibility of a slight correction before another breakthrough.
After finding support at $3.82, IP prices rose by $7 and broke through the barrier at $5.66. On the MACD line above the chart in the above chart, the MACD line represents a bullish reversal. Green histogram bar indicates a rising buying momentum, which usually leads to a price increase.
Higher highs and lower prices confirm the upward trend pattern.
So if the Bulls trigger a breakout beyond the range, the price could hit key resistance at $7.8744. If this pattern continues, the next breakout could push the price to $9.5383 and possibly reach the expected target of $12. Otherwise, the price may face rejection and remain within that range.
