Story (IP) Rises 17% as Spot Inflows and Investor Demand Spike

Story is having a breakout moment. While much of the crypto market has been quiet, IP has climbed 6% in the last 24 hours and over 17% for the week. The surge started on July 11 and hasn’t lost momentum. The rise is catching the eye of traders, not only for the scale of the gains but also for what’s behind them.

Strong Price Action Backed by Technical Support

Right now, Story is trading at $5.12, a level that has become technically important. The price has remained above a rising trendline for nearly two weeks, with higher lows forming throughout that period. In technical terms, this often suggests strengthening support and growing interest from buyers.

Traders are taking note. Sustained respect for an ascending trendline usually signals steady accumulation. Each dip is met with quicker buying, which is uncommon during times of broader market uncertainty. While Bitcoin and major altcoins have seen selling pressure this week, IP has quietly advanced.

This isn’t happening without substance. Data from Coinglass shows more than $5 million in spot inflows into IP over the past four days. Net inflows of this size indicate strong interest, with more capital entering than exiting. That’s often seen as a bullish sign, particularly when overall market sentiment remains mixed.

Earlier today, a minor outflow of $157,000 was recorded—possibly from short-term traders locking in gains. Still, the dominant trend of consistent inflows appears to be holding steady.

Futures Market Also Signals Confidence

The bullish trend isn’t limited to the spot market. Futures traders are also positioning for further gains. Since July 20, the funding rate for IP has stayed positive and currently sits at 0.0055%.

This is worth noting, as a positive funding rate means traders are paying a premium to maintain long positions. It reflects strong confidence in upward movement, particularly for a token like IP, which doesn’t typically attract this level of attention.

When both spot and futures markets align, it often points to something more substantial than a short-term price move. It suggests that various market participants, from retail to institutional, may be acting on the same outlook.

Of course, trading with leverage comes with risk. A quick reversal could trigger liquidations. Still, current positioning indicates that many believe IP’s momentum isn’t over yet.

Story’s Resistance Breaking

Earlier today, IP broke through a key resistance level at $4.92, which had limited its upside since early spring. This zone had served as both a technical and psychological barrier. Now that it's been cleared, it may act as a new support level if the price retraces.

This breakout raises the prospect of a move back toward the March highs near $5.59. While that might not seem like a dramatic increase, it represents a potential 9% gain from current levels—a notable move, especially in a market with low trading volume.

However, the outlook isn’t entirely bullish. If demand fades, IP could revisit the $4.92 level. A failure to maintain that support may lead to a deeper pullback, with $3.83 as the next key area to watch. These price zones are likely to attract close attention, particularly if broader market volatility picks up.

At present, momentum remains in IP’s favor. The token continues to rise, supported by both technical structure and improving sentiment.

What To Expect From Story?

The price of Story has risen by over 17% in the past week, with growing interest from investors and market signals pointing to increasing confidence in the token. Spot and futures data both support the idea of a bullish short-term trend.

Even so, the broader market remains unpredictable. Although $4.92 has become a support level, IP’s future progress depends on ongoing demand.