Story (IP) expanded the rise series. The bull trend of the token continued one more day while continuing. IP was the second most winning Altcoin in this period, increasing by 11 percent during the day. Last week, crypto currency rose by 17 percent and resisted the overall decline in the market. Thus, it strengthened its position as one of the most powerful performance. Crypto analyst Abody Oladokun says IP may be the way to go.
IP continues to rise in short -term view
Story (IP) 12 -hour graphic readings indicate a continuous price increase in the short term. For example, the moving average convergence deviation of crypto currency (MACD) supports this bull appearance. After spent a long time under the signal line (orange), the MACD line of the IP (Blue) appeared on it during Wednesday’s trading session and released a green histogram bar.
IP Macd. Source: TradingViewThis rise transition shows that the procurement pressure increases by pointing to the rise in the momentum. The emergence of a green histogram bar reinforces the power of this trend and signals that the rising trend of the IP can continue. If it continues, this acceleration may attract the attention of more investors, causing the price of coin to rise further.
AROON Upper Line also supports the rise
Following the power of the IP trends, the Aroon Upper Line shows that the current rally is still intact, showing that the rising trend may not slow down soon. According to the press time, this indicator is 92.86 %.
IP Aroon up line. Source: TradingViewIf the aroon up line of an asset is close to 100 %, this indicates a strong rise trend. This metric shows that IP has constantly reached new peaks during the examination period. This is currently valid for the coin, which has been traded for $ 5,91, the highest level since March 8th.
IP Price Estimation: Crypto currency can reclaim $ 7.95!
The IP with the current price is strongly traded on the support base of $ 5,54. If the rise pressure on the spot markets continues, IP may maintain its tendency and visit $ 7.95, the highest level of all time.
IP Price Analysis. Source: TradingViewOn the other hand, the revival of profit between IP owners will invalidate this ascension projection. In this scenario, crypto currency may lose its latest earnings and fall below $ 5,54. It may even see a deeper correction towards $ 4.05.
The opinions and estimates in the article belong to the analyst and are not definitely investment advice. As Kriptokoin.com, we recommend that you do your own research before investing.
