Here’s why Story’s IP rallied over 15% today

IP has challenged the broader slowdown in the market after its recent list on Kraken, supported by ecosystem developments.

History (IP) rallied almost 16% for an intra-day summit of $ 5.6 on March 11, in the afternoon, the Asian time, going beyond the downward trend while its market capitalization increased to more than $ 1.3 billion. Its daily trading volume amounted to $ 151 million, while the Altcoin circulation supply amounted to more than 250 million tokens.

A multitude of partnerships and developments surrounding history have helped IP to exceed the downward trend that currently prevails in the wider market of cryptography, which dropped 5% during the last day.

First, the story obtained a registration On the exchange of Crypto Kraken on March 10. Typically, an inscription on such a high -level crypto exchange leads to a peak of interest of investorsThis often results in an increase in the volume of exchanges and an appreciation of prices in the following days.

Second, the story continued to progress on its roadmap to extend its ecosystem. The last development is the launch of the IP portal, which was opened for a public overview on March 7.

The platform allows users to easily record intellectual property and browse the intellectual property recorded on any application on history. The feeling and the confidence of investors generally increase when a project remains faithful to its commitments.

Third, the history protocol has integrated With the decentralized, ordered exchange to improve its ecosystem by unlocking greater liquidity for token intellectual property. This partnership allows developers to access a more in -depth market depth and more strict differences, which facilitates trade and monetization of IP assets such as AI training data, patents, brands and digital content in decentralized applications.

In addition, the Story Protocol ecosystem increases thanks to its Builder program. The Academy of History helped launch 38 projects in different fields such as IPFI, AI and general public applications. Certain projects, such as Sekai, Magma and Mahojin, have even received grants and funding of big names like A16Z, Hashed and Orange Dao.

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, Story has experienced continuous net releases of exchanges since its launch, indicating that the majority of traders are optimistic about the long -term potential of the token.

Meanwhile, his social feeling has also overturned positive during the last day.

On the price table of 4 hours / USDT, the MacD and signal lines pointed out up and exceeded the price level, an indication that the optimistic impulse was built.

The 92.86% ARRON UP indicator and the 14.29% Down Aroon confirms high purchase pressure, which signals a sustained dominant rise.

If Momentum continues, IP could rally more and try to retest the psychological resistance of $ 6, which it failed to break earlier this month. A successful break above this level could also push IP beyond the descending parallel canal in which it has been stuck since the end of February.

Such an escape is generally considered as a trend reversal signal. However, the persistent uncertainty of the market, in particular climbing US-Chinese trade tensionscould undermine this momentum.

At the time of the press, IP was still up 6%, exchanging hands at $ 5.46 per room.