Story’s IP eyes $5 amid Binance listing hype and eco-system growth
IP entered a consolidation phase, ultimately putting at the end of the three -week decreased trend that weighed on its price.
According to Crypto.News, Story data (IP) increased by 9% for an intra-day summit of $ 4.27 on April 9, in the afternoon, Asian time. Its market capitalization was seated at nearly 41.1 billion, while its daily negotiation volume was slightly higher than the day before, oscillating nearly $ 100 million.
Today’s earnings have been fed by a renewal of optimism around a potential Binance listingas to vote for the list of history under the Exchange “Voting To List” campaign Between his last section.
With solid support from the community, the IP seems to be a solid competitor for an inscription on the greatest exchange of cryptocurrency in the world in volume.
In addition to that, Aria Protocol, a main project focused on IP powered by Story Protocol, recently revealed The addition of partial rights of royalties to the successful single of Pop Madonna “I Rise” artist in his safe for the launch of musical assets supported by IP.
Meanwhile, Vio, the IP appearance platform of Story, went to live On April 8, allowing users to set up IP and winning rewards according to the momentum of creative works.
Once a project reaches 100 IP in the clears, the creator is starting to gain from his safe and to all those who have changed or marked early actions upwards.
IP price analysis
The technical metrics and indicators on the chain suggest that the gains could extend in the coming days.
According to data From Coringlass, the interest open in the UN market IP reached $ 62.23 million, up in relation to the day before. In addition, the weighted funding rate has remained positive in the last two days, which indicates that the majority of trader positions are hiseled at the time of the drafting.
On the 4 -hour USDT graph, IP broke out of a channel descending for several weeks, signaling a passage to the bullish momentum.
The MacD and Signal lines both tend to increase, taking charge of the overthrow. The price also approaches Bollinger’s upper band at $ 4.35, suggesting continuous force and the potential of an escape if the bulls remain in control.
Consequently, the next probable target for the IP is $ 5, which serves both as a level of psychological resistance and key level for the active. A break above this could trigger bulls to target the level of resistance of the keys of $ 6.4, which is almost 51% compared to the current price level.
Disclosure: This article does not represent investment advice. The content and equipment presented on this page are only for educational purposes.
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