IP Token Could Surge 25%! Traders Are All In – Here’s Why

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  • Traders are over-leveraged like it’s Black Friday at a discount store – $3.70 on the low, $4.28 on the high
  • IP’s OI-weighted funding rate is +0.0006%… basically the market saying “We really, really believe in this”

So, what’s the deal with IP? The native token of Story is looking like it might just blast off again, like the rocket you forgot to launch last month. IP has already rocketed up by more than 25%—and guess what? It could totally do it again. Don’t miss the train, or the rocket, or whatever the metaphor is here.

Bullish on-chain metrics

According to the on-chain analytics pros at Coinglass (yep, they are the “big brains” of crypto), traders are placing their bets on the bull side. And no, they aren’t betting their lunch money, they’re betting MILLIONS.

$2.64 million worth of bullish bets

At the moment, the traders seem to be *extra* over-leveraged—$3.70 for the lower side (support) and $4.28 for the upper side (resistance), which, frankly, sounds like the kind of place I’d go if I wanted to find out just how badly I could ruin my crypto portfolio.

But, hey, traders aren’t totally reckless. They’ve put $2.64 million into long positions, hoping the price doesn’t dip below $3.70. They’ve also staked $1.05 million on short positions, betting the price won’t go above $4.28. That’s a lot of money for a gamble where the stakes are “please don’t let the price crash.”

Basically, this chart shows that bulls are basically stampeding, and bears might just be… tired. You know, from all the running and hibernating and being grumpy.

Traders strongly believe in a bullish outlook

So, what’s the deal with that +0.0006% funding rate? It’s like the tiniest of bullish nudges that says, “Hey, we’ve got this.”

To explain, that’s the OI-weighted funding rate—just a fancy way of saying “How much do traders like the idea of prices going up?” A positive rate? Traders are basically shouting, “Up, up, up!” at the price. And, surprise! The funding rate says they’re feeling really positive about it.

Also, IP’s Open Interest (OI) has surged 6% in the last 24 hours—so, yeah, a lot more people are jumping into the game, and by “game,” I mean “probably losing their life savings in the process.”

At press time, IP’s price was hanging out around $4.16, having made a 6.5% increase in just 24 hours. It also saw a massive 70% spike in trading volume. That’s like everyone suddenly waking up and realizing crypto is still, well, a thing.

Story (IP) Price Action and Technical Analysis

Let’s talk tech, because *everyone* loves a good price chart. According to AMBCrypto’s technical gurus, IP is looking mighty bullish, potentially on the brink of a breakout that could make us all question why we don’t just live on crypto alone.

Check out this price action—IP is forming a bullish inverted head-and-shoulders pattern. That’s right, a pattern that might just shoot the price up by a lovely 25% if it breaks through key resistance levels. So, like, get your popcorn ready.

But—because we can’t have nice things—let’s not forget that IP’s price is still below the 200 EMA (Exponential Moving Average). So, there’s still some “will it or won’t it” drama. Stay tuned for the season finale!

In conclusion, it’s looking like IP is on track to rocket up, possibly breaching major levels in the coming days. We’re talking 25% surge. So, uh, maybe don’t check your portfolio after reading this unless you want to start making *more* questionable decisions.

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2025-04-29 19:43