The post Story IP Price Rebounds 31%, Can Bulls Push Past $9.77? appeared first on Coinpedia Fintech News
The Korean crypto market is proving to be a powerhouse. With over 30% of Koreans investing in digital assets and trading volumes hitting $663B regularly, South Korea has become the 2nd-largest crypto hub after the United States. STORY’s official handle on CoinMarketCap pointed out how this liquidity could flow into tokenized intellectual property, including K-Pop catalogs, gaming IP, and film rights.
And Story IP with its native token “$IP” is positioning itself at the center of this trend, converting Korea’s $9.85B IP exports into programmable onchain assets. The convergence of crypto liquidity and cultural IP has never looked more promising. All the ongoing buzz has caught the attention of marketers who are keen on knowing why the Story IP price is surging. And where IP price could go next?
What Led to Story IP’s Price Surge?
Story IP’s rebound is being fueled by two major drivers. First, its October 1 partnership with Solo Leveling, a Korean megafranchise with 14B+ views, a Netflix series, and 50M+ gamers, brings programmable licensing, fan remixing, and an upcoming memecoin, validating its tokenized IP model.
Second, the broader altcoin market’s 1.47% daily uptick, led by ETH and BNB, alongside Bitcoin dominance slipping to 57.98%, has redirected liquidity into mid-cap tokens like Story, amplifying its recovery momentum.
Story IP Price Analysis:
Over the past week, Story IP has delivered a strong rebound. The token trades at $9.53, up 5.51% in the last 24 hours and 31.61% over the past seven days. Its market cap stands at $2.98B, with $116.81M in 24-hour volume. While still below its ATH of $14.89 set just 12 days ago, the project is gaining renewed traction from both retail traders and IP enthusiasts.
Story IP price reclaimed its 7-day SMA at $8.84 and broke above the $9.13 pivot point, signaling short-term recovery. The RSI-14-day has exited oversold territory, suggesting traders are regaining confidence. Meanwhile, the MACD histogram (-0.36) indicates slowing bearish pressure.
That being said, the immediate upside target lies at the 30-day SMA near $9.77, which doubles as a strong resistance level. If bulls manage to sustain momentum, the next hurdles are at $11.02 and $12.58. While ultimate bullish validation would come with a retest of $14.89. On the downside, support rests at $8.79 and $7.23 if bearish sentiment returns.
FAQs
The price of 1 Story IP token at the time of press is $9.53.
The Solo Leveling partnership and altcoin rotation are fueling buying interest.
Key support is $8.79, while resistance stands at $9.77. A break above opens $11+.
