With growth of 27.3%, IP, the native token of the history protocol, has become the most efficient crypto in the past 24 hours. Exceptional performance has drawn the attention of the whole cryptographic community. IP, which struck the market on February 13, excitement triggered in the cryptographic community On the first day of the lunch itself, it recorded impressive growth of a day of 1445.45%. Since the launch, the market has increased by 3933.08%. At one point on February 20, the market reached up to $ 9. Currently, the IP price amounts to $ 4.935 – at least 45.166% below the ATH. The big question is now: will the IP market recover its $ 9 ATH? Let’s dive!
IP of 27.3% overvoltage: breaking the downward trend?
Although the IP price experienced impressive growth of a day of 104.09% on February 20, between February 21 and 23, the market experienced a sharp decline of 30.09%.
The intellectual property market has not yet completely restored to the aforementioned correction.
According to experts, the IP price has been hit in a parallel channel that has come down since February 21.
However, in the last 24 hours only, the market has recorded growth of 27.3%.
Technical indicators suggest an escape on the IP market
In the four -hour Table of the IP, the MacD Line (blue) is slightly above the MacD signal line (orange). This indicates the domination of bulls on the market.
Reading the IP elder’s elder rays index is 0.40. This also suggests that buyers have acquired a clear advantage in the intellectual property market.
- Read also:
- Has crypto-taureau passed?
- ,,
Key price levels: What is the next step for IP?
Experts predict that if the price of the IP exceeds the trend line of the parallel descending channel aforementioned, it could recover its ATH level of $ 9.
Experts warn that if sellers resume their control on the market, the IP price can decrease to $ 4.36.
History protocol: what you need to know
The history protocol is a Layer 1 blockchain project aimed at making intellectual property programmable and accessible in a world focused on AI thanks to tokénisation. It was on February 13 that the Story protocol officially launched its Mainnet.
Never miss a beat in the world of cryptography!
Stay in advance with the news, expert analysis and real -time updates on the latest Bitcoin, Altcoins, DEFI, NFTS, etc. trends
Faq
An IP of history refers to intellectual property in the history protocol, allowing tokenization and the property of digital content in an AI ecosystem.
MacD shows a bullish momentum, and the elder rays index at 0.40 indicates that buyers have an advantage, signaling the recovery of potential prices.