Why Is IP’s Price Up Today? Here’s What’s Fueling the Story Surge

Why Story (IP) Price Is Up Today: Key Drivers Behind the 23% Surge

Following a significant recovery in price that captured the interest of traders, Story (IP) has once more come into the limelight. The straightforward question now, after the price rose from the level of $1.50 to above $3.00, is: Is it merely a short-term recovery, or is it the beginning of a $5 uptrend that will last long?

Keeping an eye on the trends in the crypto market as well as on the technical indicators, investors closely watch Story.

Let’s analyze the main reasons behind the rise in prices today and the possible outcomes.

Why Is Story (IP) Price Rising Today?

Story (IP) rose 23.15% over the last 24 hours, outpacing the broader crypto market (-0.36%) and extending its 3-day rally to 55%. 

The recent increase in price is not random. It is the outcome of strong narrative demand, good market conditions, and technical strength combined.

Firstly, capital rotation has been a very supportive factor for such tokens that are directly associated with real use cases like IP, infrastructure, and institutional adoption. IP has distinguished itself as one of the very few projects that are directly concerned with on-chain IP ownership and licensing, hence it is thematically relevant as it attracts investors to position themselves ahead of the broader expansion phases.

Secondly, the token has a limited circulating supply and shallow liquidity. When demand goes up, the prices can rise rapidly. That is precisely what occurred when traders placed their bets close to the long-term support level.

Lastly, the entire crypto market maintains a stable posture. Traders prefer to hold the most-watched tokens instead of speculative breakouts, as volatility is controlled, bringing the risk down.

Story (IP) Technical Analysis: Key Levels to Watch

Technically, Story protocol sees a major recovery instead of a minor bounce.

The price rebounded strongly from the $1.30–$1.50 support zone, an area that previously the area long-term buyers. This response confirms high demand at the bottom.

After a rally from a lower level, the price takes a breather near the $2.30–$2.35 mark. However, after a consolidation, the price breached that level and then turned the support zone into resistance after the late-2025 breakdown. If the price remains above this level, it will indicate short-term trust and that buyers are taking over.

Source: TradingView

On the other hand, the pressure for the price to go up will be tougher near $3.20–$3.50, where the 100-day EMA and historical selling meet. Hence, this area is still the most important hurdle for bulls.

Story (IP) Price Prediction: What Comes Next?

In case, if the price manages to keep itself above $2.60 with strong volume, it will have the opportunity to try to go as far as $3.50 within a short time. A clean break above this area will add to the strength of the bullish momentum and open the door to higher targets.

Reaching $5 is not out of the question, though it will be the case only if the token is able to establish a pattern of uptrend continually. That is, it must keep on making higher highs, have strong volume, and pass the tests for key support levels successfully. Until then, the price action should be taken as a recovery and not as a guaranteed increase.

If the price fails to maintain the levels, a drop to $2.20 or even $1.80 will be a possibility.

Disclaimer: This article is for informational purposes only and does not constitute financial advice. Always do your own research before investing.