IP Shatters Downtrend, Soars 9% Amid Binance Listing Buzz!

Hold onto your hats, folks! IP has just blasted out of a three-week downtrend, leaving the gloom behind as it rockets into a consolidation phase!

On April 9, during the afternoon Asian session, Story (IP) didn't just rise—it soared 9% to hit an intraday high of $4.27! With a market cap nearly touching 41.1 billion and a daily trading volume that's nudging past $100 million, IP is making waves!

What's fueling this fire? You guessed it—hype around a potential Binance listing! As the "Vote to List" campaign on the world's top crypto exchange by volume nears its climax, IP is riding a wave of community support that could land it a spot on the big stage!

With the community rallying behind it, IP isn't just a contender—it's a force to be reckoned with!

Story Protocol is topping the charts on Binance vote — the narrative is writing itself. 📖🚀 @StoryProtocol pic.twitter.com/hhZO8Xe6gQ

But wait, there's more! Aria Protocol, a powerhouse in the IP world powered by Story, just dropped a bombshell. They've added partial royalty rights to Madonna's "I Rise" into their launch vault of IP-backed music assets. Talk about a hit!

And if that's not enough, Verio, Story's IP staking platform, went live on April 8. Now, users can stake IP and rake in rewards based on the buzz around creative works. Once a project hits 100 IP in staking, the creator starts cashing in from their royalty vault, and early tippers and stakers get a piece of the action!

It's a win-win, folks!

IP Price Analysis: Bullish Breakout on the Horizon?

Get ready, because the on-chain metrics and technical indicators are screaming that IP's gains might just keep rolling in!

Open interest in the IP futures market has surged to $62.23 million, up from yesterday. Plus, the weighted funding rate's been in the green for two days straight, signaling that the bulls are charging hard!

Check out the 4-hour USDT chart—IP has busted out of a multi-week descending channel, flipping the script to bullish momentum!

The MACD and signal lines are climbing, backing up this reversal. And with the price flirting with the upper Bollinger Band at $4.35, it's looking like the bulls might just keep this party going!

So, what's next? If IP can break past $5—a big psychological and support level—the bulls could set their sights on the $6.4 resistance, a jump of nearly 51% from where we're at now!

Disclosure: This article isn't your financial advisor. It's just here to educate and entertain, so don't take it as investment advice!