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Story’s (IP) Bull Run Continues: 17% Weekly Gains Amid Market Weakness

Story’s (IP) Bull Run Continues: 17% Weekly Gains Amid Market Weakness

BeInCryptoBeInCrypto2025/03/13 01:30
By:Abiodun Oladokun

Story’s IP has surged 17% in the past week, driven by strong bullish momentum. With technical indicators supporting continued growth, IP could target new highs if buying pressure holds.

Story’s IP has extended its bullish streak, recording another day of gains as its uptrend continues. In the last 24 hours alone, IP has surged 11%, making it the second-highest gainer during this period.

Over the past week, the altcoin has climbed 17%, bucking the broader market decline and solidifying its position as one of the strongest performers.

IP’s Short-Term Outlook Remains Bullish as Buying Pressure Builds

Readings from the IP 12-hour chart hint at a sustained price growth in the short term. For example, the coin’s Moving Average Convergence Divergence (MACD) supports this bullish outlook. 

Story’s (IP) Bull Run Continues: 17% Weekly Gains Amid Market Weakness image 0IP MACD. Source: TradingView

After spending an extended period below the signal line (orange), IP’s MACD line (blue) flipped above it during Wednesday’s trading session, posting a green histogram bar.

This bullish crossover suggests a bullish shift in momentum, indicating increasing buying pressure. The appearance of a green histogram bar reinforces the strength of this trend, signaling that IP’s uptrend could continue. If sustained, this momentum may attract more traders, potentially driving the coin’s price even higher.

Additionally, IP’s Aroon Up Line, which tracks the strength of its trends, confirms that the current rally is still intact, indicating that the uptrend may not be slowing down anytime soon. At press time, this indicator is at 92.86%.

Story’s (IP) Bull Run Continues: 17% Weekly Gains Amid Market Weakness image 1IP Aroon Up Line. Source: TradingView

When an asset’s Aroon Up Line is close to 100%, it indicates a strong uptrend. The metric suggests that IP is consistently reaching new highs within the review period. This is true of the coin, which currently trades at $5.91, its highest since March 8.

IP Holds Strong Above Support—Can It Reclaim Its $7.95 All-Time High?

At its current price, IP trades strongly above the support floor formed at $5.54. If the bullish pressure in its spot markets remains, IP could continue its upward trend and attempt to revisit its all-time high of $7.95. 

Story’s (IP) Bull Run Continues: 17% Weekly Gains Amid Market Weakness image 2IP Price Analysis. Source: TradingView

On the other hand, a resurgence in profit-taking among IP holders would invalidate this bullish projection. In that scenario, the coin could lose its recent gains, fall below the $5.54 support, and drop toward $4.05.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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