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Story Protocol (IP) Shows Strong Rebound Amid Rising Demand and Accumulation

Story Protocol (IP) Shows Strong Rebound Amid Rising Demand and Accumulation

Author:

Global Cryptocurrency

Published:

2025-10-14 17:27:02

22

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BTCCSquare news:

Story Protocol's native token IP has surged 23.02% in the past 24 hours, reaching a high of $7.4 before settling at $6.18. Trading volume spiked 108% to $382 million, signaling robust market participation. The rebound follows a sharp recovery from $1.2 four days ago, with an ascending channel forming on the daily chart.

CoinGlass data reveals aggressive accumulation, with $46.8 million in outflows outpacing $40.53 million in inflows over the past day. The Spot Netflow dropped to -$6.29 million, underscoring whale activity. Derivatives volume jumped 134%, suggesting short-covering momentum. A decisive break above $7.5 could target $8.7, while weak buying pressure may test $5.6 support.

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