Story (IP) Ready to Claim $8 Mark As Buyers Take Control

• Story (IP) price surged 12%, trading at $5.914, backed by bullish technical indicators.

• MACD, RSI, and EMAs confirm bullish momentum and a potential rally if the $8 resistance is broken.

Story (IP) price broke the important resistance level of $5.846 and surged approximately 12% in the last 24 hours. The increased price and daily trading volume suggesting IP crypto price is back in the game. 

On the 4-hour technical chart, the Story price trades above the 20-day and 50-day exponential moving averages, showcasing bullishness. If Story price successfully breaks the $8 mark in the upcoming days, investors may witness a fresh rally toward upper levels.

Major indicators such as MACD, RSI, Supertrend, and EMAs are supporting bulls, confirming the bullish momentum. Meanwhile, Story crypto has given a phenomenal return to its investors since its launch. From its all-time low price of $1.00, it is up by almost 513.35%. Over the last month, it has grown by almost 207.81%, and last week, it grew by 9.89%.

According to CoinMarketCap data, at the time of writing, the IP price is trading at $5.914 with an intraday surge of 12% pointing to bullishness. The daily trading volume has surged by 78.43%, indicating buying momentum, and the volume-to-market ratio is 14.78%. Moreover, the market cap is $1.47 billion, and the 24-hour trading volume is $228.52 million.

Will Story (IP) Hit the $8 Mark?

MACD is showing bullish signs, heading in the upper regions with a green histogram showcasing bullishness. RSI is also in the bullish territory. However, it took a minor dip, currently at 57.39. Overall, all the major indicators are pointing to bullishness.

Moreover, the trading view technical summary also supports the bulls with the majority of technical indicators on the buying side. As per the technical summary of IP, out of 14 indicators, 1 is on the sell side, 6 are on the neutral side, and 7 are on the buying side, indicating bullishness.

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