Story (IP) Price Analysis: Analyst Says Rally is Still in Play – Here’s What the Chart Reveals

IP is trading around $10.20 at the time of writing, holding steady after a massive run that pushed the token from its summer base into double digits. 

The IP chart shows plenty of strength, but traders are keeping one eye on the $9.00 level, which has become the main line in the sand. As long as that zone holds, the uptrend is alive, and the talk in the community indicates the rally might not be over just yet.

Prominent analyst, Crypto Monkey summed it up well in a tweet: “The pump has just begun. $9.00 support zone and under I close my long, over I remain long.” That simple plan lines up with the chart and shows how closely traders are watching that support zone.

What on-chain data says about IP

Glassnode data adds some weight to what the charts already show. IP’s market cap has grown from a steady range of $2.4B-$2.5B up to $3.2B now, the highest level seen so far. That growth shows capital is flowing in, not just holding steady.

Circulating supply has also been climbing, from 304.4M to about 304.95M tokens. The increase is gradual, indicating controlled emissions or steady unlocks. 

Normally, rising supply can weigh on price. But in this case, demand has been more than enough to absorb it, which explains why the token has continued moving higher even with new tokens entering circulation.

Another Glassnode chart shows drawdowns from the all-time high. IP has spent most of the time between -7% and -12% below ATH, showing sellers are pushing back near the top. Even so, the price line is trending higher, moving from under $8 to over $10. That combination means resistance is tough, but buyers are still making progress.

Momentum indicators back this up. The RSI is currently at 65 and out of overbought but still showing strength. The 50-day SMA of $6.50 moving higher keeps the overall bullish setup in place even if pullbacks go that far.

IP price breaks out after sideways consolidation

In August, IP price moved sideways for weeks between $6.00 and $7.50, grinding along without much volatility. That changed near the end of the month when the token broke above $6.40. 

The level was resistance for quite a while, so moving through it represented a major shift. From there, the trend shifted to bullish, and the buyers took over.

September was where things really got moving. IP price shot up from $8.50 to nearly $12.03 in a matter of days. Volume spiked hard, confirming buyers were in control. The rally was steep, but not without warning signs. 

IP daily chart. Source: Tradingview

The RSI hit 75, showing the token was overbought. A bearish divergence also appeared, with prices pushing higher but RSI moving lower. That was the start of the pullback, which has cooled things off and brought price back to the $10.20 zone.

Right now, IP price is holding at key Fibonacci levels. The 0.5 retracement sits at $10.29, almost exactly where price is trading. Below that, the 0.618 level at $9.88 looks like the next support. As long as price stays above $9.30–$9.80, the bulls remain in control.

IP 4h chart. Source: Tradingview

Looking at the chart, the first real support is at $9.00-$9.30. That area is where the breakout paused, and it also matches the zone traders are watching on social media. If buyers defend that spot, momentum stays with them.

If $9 breaks, the next support zone sits at $7.00-$7.50, where the 100-day moving average is creeping higher. That’s also where IP launched its late August rally, so it’s a natural area for buyers to step back in. 

Beneath that is $6.40, the key breakout level from August. A weekly close below there would really change the story and put the trend at risk.

On the upside, resistance is stacked at $10.80-$11.20, where sellers have rejected moves on lower timeframes. The bigger test is still $12.00-$12.20, the recent high. If IP can close above that on the weekly, Fibonacci extensions indicate the next stop could be $13.00-$14.00.

Traders weekly trend and IP price movement

Trader sentiment is focused on $9. Crypto Monkey’s tweet summed it up: stay long above $9, cut the position below. That’s clean and matches the technical picture. It’s also why so many traders are watching that zone, it’s where trend followers are placing their invalidation.

$IP

The pump has just begun. $9.00 support zone and under i close my long, over i remain long pic.twitter.com/DKr6UWrbBJ

— Crypto Monkey (@LaCryptoMonkey) September 10, 2025

The weekly chart supports this strategy. IP price has been climbing in a staircase pattern since July, with higher highs and higher lows forming a steady uptrend. The candles are wide and stacked, showing real demand. The move is stretched from the last base though, so a retest down to $9.00–$9.30 would be a normal reset.

If price holds there, the next attempt is likely aimed at $12. A weekly close above $12 would open the way to $13-$14. If IP fails to clear $12 but still defends $9, the token could just chop in a range between $9 and $12 for a while. 

Where Story(IP) stands now

IP is in a spot where the broader uptrend is still strong, but near-term movement depends on how support holds. The token spent months building a base between $2.00 and $4.00 earlier in the year. That base fueled the breakout above $6.40 and the run to $12.

Now it’s about proving the rally can continue. The $9.00 level is the key to that. Traders see it as the zone that keeps the bullish trend alive. 

On-chain data shows demand is strong enough to handle new supply, and market cap growth confirms fresh money is entering. Resistance at $12 is still heavy, but clearing it would unlock the next leg higher.

For now, the rally is intact. As long as the Story price holds above $9.00, the path forward still points up. Traders will be watching to see if consolidation resets indicators enough for another push, or if a break under support brings a deeper correction.