Story (IP) Token attracted attention in the crypto market with an increase of up to 55 %in the last 24 hours. While the transaction volume reaches 1.36 billion dollars, technical indicators indicate that the rise may continue. In particular, the increasing interest of investors and market trends arouse curiosity about IP Token’s future performance.
Story (IP) Why did token rose?
Despite the general fluctuations in the crypto currency market, IP Token has attracted the attention of investors in recent weeks. As a Layer-1 block chain, Story offers advantages compared to competing projects, while one of the Altcoins that provided the highest return on a weekly basis.
In addition, according to analysts, IP Token’s support and resistance levels are $ 3.65 and $ 7.75, respectively. If the current ascension tendency continues, Token is thought to test higher levels in the short term.
What do technical analysis indicators say?
IP Token gained 51 %in the last 24 hours, while the transaction volume increased by 156 %. It provided a return of 162 %in the last seven days.
Technical analysis indicators also support the price increase. The simple moving average (SMA) gives a signal signal in a 1 -hour period, while the relative power index (RSI) is in the overcrease. If the RSI indicator continues to remain at high levels, the IP Token is expected to gain further value.
Story (IP) Token to which levels can reach?
If the price remains above the support level of $ 4.80, the IP Token is expected to rise to $ 6 in the short term. If the bull market continues, the price can reach $ 7.75.
However, if the sales pressure increases with a possible trend change, the IP Token can be withdrawn to $ 3.65. If the decline tendency is strengthened, the price may decrease to the support level of $ 2.50.
What will be the future of Story (IP) token?
If the overall rise tendency in the crypto market continues, IP Token’s performance may be strengthened. The growth of the project and the expansion of the ecosystem are among the important factors that will determine the long -term success of Token.
In particular, the interest in Layer-1 projects can increase the adoption rate of IP Token. However, it should be remembered that investors should closely follow price movements and market trends. Since IP Token is an asset with high volatility, it is recommended that investors should be careful and manage their risks.
