Highlights:
Story (IP) continues that impressive rally that started on January 11. In the last 24 hours, Story (IP) has gained by 34.22% to trade at $4.01. This intraday rally now brings Story’s gains for the month to 119%. Story’s trading volumes are also surging intraday.
In the last 24 hours, volumes have shot up by 112.9% to stand at $655.46 million. This concurrence of a rising price and the volumes is an indicator that bulls are firmly in control of Story’s price action. It also means that more gains can be expected going into the future. There are a couple of factors that support Story’s strong price action in the last 24 hours.
One of them is the fact that bulls are taking control across the cryptocurrency market. Bitcoin is gaining upside momentum. In the last 24 hours, it has rallied by 4% to trade at $95k, and the momentum is rising. There are clear indications that if this trend continues, Bitcoin could soon regain the $100k mark. What this means is that altcoins are likely to rally even more.
Already, multiple altcoins are gaining by double digits intraday. This rising momentum across the market means that outstanding performers such as Story (IP) are likely to experience FOMO buying going into the foreseeable future. With Story’s surging volumes, the odds of it rallying to prices as high as $5 could be a reality in the foreseeable future.
Outside of the bullish wave covering the broader cryptocurrency market, Story is benefiting from investor interest in one of the top cryptocurrency markets in the world. A sizeable chunk of Story’s recent price action came from South Korea.
On-chain data also shows that South Korean interest in Story is on the rise. South Korea is a big deal because any time Koreans FOMO into a cryptocurrency asset, the price tends to rally to new highs. As such, now that Koreans have their eyes on Story, the odds are high that it could continue to perform well in the market and rally to new highs in the foreseeable future.
Story (IP) is also boosted by the fact that it has significant interest from institutional investors. One of the big corporate players in the Story ecosystem is Nasdaq-listed IP Strategy. The company has been involved heavily in marketing activities within the Story ecosystem. For context, they announced the launch of Poseidon back in December 2025. This is a decentralized audio service that will run on the Story IP blockchain.
Through this service, it is possible for users to offer audio with authorized rights to companies looking to use it for training AI by using programmable licensing. Corporate backing of high-value use cases on the Story (IP) blockchain could help drive the value of Story higher going into the future. Also, the fact that Story IP is helping deal with a real-world need, and that’s inefficiency of traditional IP, could draw in more users going into the future. The result is that the underlying value of the token could go up over time.
After a multi-week consolidation between the $2.15 resistance and $1.41 support, IP broke out bullish on January 12. If bulls sustain this momentum as they have done in the last 24 hours, a rally to $6.91 could follow.
Source: TradingView
On the other hand, if bulls lose momentum, the most likely outcome would be a consolidation above $2.15, which is now support. Of these two scenarios, a rally to $6.91 is more likely due to the rising bullish momentum across the market.
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