Story’s $IP Token Surges 22% Monthly Amid Crypto Market Rally

• The token is trading at $4.96, having a market capitalization of $1.38 billion.
• In the early hours, $IP traded at a high range of $5.05, breaking its first resistance at 4.680.

A gradual uptrend in the crypto market can be witnessed after the overall market capitalization reaches $3.33 trillion, showing a 1.80% rise in the past day. The crypto fear and greed index is also at 69, indicating greed in the market

During the fluctuation, smaller tokens are mostly impacted, however, a token is continuously showing an uptrend. Story’s $IP is 22.44% up in the last one month, and 13.85% up in the past 24 hours

Source: CoinMarketCapAt the press time, the token is trading at $4.96, having a market capitalization of $1.38 billion. In the early hours, $IP traded at a high range of $5.05, breaking its first resistance at 4.680. Later, the bears appeared and started their downside correction, hitting a daily low of $4.34

In the last seven days, $IP witnessed a rise of 6.31%. The token started trading the week at around the $4.68 level. The bullish momentum continued, which pushed the price to the current trading range

A Strong Buy Situation

A significant rise of 101.08% in the daily trading volume can also be witnessed, which ultimately took the number to $93.73 million. Adding more to this, the daily Relative Strength Index (RSI) of 64.27 indicates that $IP is in neutral territory, neither in an overbought nor oversold situation

The Exponential Moving Average (EMA) of 10 days, 20 days, and 50 days stands at $4.621, $4.405, and $4.329, respectively. However, the oscillators remain neutral, and the moving averages show a strong buy situation. The summary indicates a buy situation

On the other hand, the Simple Moving Average (SMA) of 10 days, 20 days, and 50 days stands at $4.617, $4.257, and $4.208, respectively

Talking about Story, it is a Layer 1 (L1) blockchain permitting the creators to register, license as well as monetize their IP assets effortlessly. It also severs as the base for intellectual property (IP) on the internet, providing a transparent and effective framework for IP attribution along with commercialization

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