The crypto market went wild! In just a few hours, it jumped by around 10% – that’s over $330 billion dollars added to the total value. What sparked this sudden surge? Word got out that US President Donald Trump announced the US would be creating a strategic reserve specifically for cryptocurrencies, including heavyweights like Bitcoin and Ethereum. It’s safe to say investors were thrilled by this news, and their enthusiastic response sent cryptocurrency prices skyrocketing across the board.

Now, let’s talk about Story (IP), the native token of Story Protocol. Believe it or not, this token only launched on February 13, 2025. But in its short life, it’s already making waves. Just in the last 24 hours, Story (IP) has surged by a remarkable 18.44%, hitting $6.25. And if you zoom out to its launch date? Get this – it’s up a massive 549.69%! That’s a clear signal of strong investor interest in this fresh-faced token.

Following these impressive gains, the Story (IP) chart is shaping up into what’s called a Bullish Continuation Pattern – which is generally a positive sign. After its initial week, Story’s price really kicked into gear, climbing from $1.938 all the way to a peak of $8.9172. It took a brief dip to $3.8964, but quickly bounced back, regaining its upward momentum and looking strong again.

IP/USDT Chart Looks Bullish

Looking closer at the technical indicators, the 9-day EMA (that’s the Exponential Moving Average, a tool to gauge trends) is currently sitting above the price. Think of it as dynamic support, ready to help push the price higher. The RSI (Relative Strength Index) is at 68.85, creeping up towards the overbought zone of 70. This tells us there’s definitely some strong positive momentum behind Story (IP), but it also hints that we might see a slight cooling off period before the next big jump.

Story (IP) really took off, surging past $7 after finding a solid base of support around $3.82 and breaking through a resistance level at $5.66. Adding to the bullish outlook, the MACD line has now crossed *above* the signal line on the chart – a classic bullish signal! And those green histogram bars we’re seeing? They just keep growing, indicating increasingly strong buying pressure which often leads to further price gains.

The price action itself is also painting a bullish picture. We’re seeing a consistent pattern of higher highs and higher lows, clearly confirming this upward trend is for real.

So, what could be next for Story (IP)? If the bulls can maintain control and trigger an upward breakout from its current range, we could realistically see the price reach a crucial resistance point around $7.8744. If this bullish momentum continues to play out, the next target to watch would be $9.5383, with a potential longer-term goal of hitting that $12 price target. However, it’s always worth remembering that if it fails to break out, the price could face rejection and may consolidate within its current range for a while longer.