Story [IP] Price Holds Above $10 as Futures and On-Chain Demand Strengthen

Story (IP) holds above $10 as rising futures and on-chain demand hint at a breakout toward $10.6 and beyond.

18 September 2025, 14:46 published Updated 18 September 2025, 14:46

Story (IP) Eyes Breakout After 9.25% Surge

Just a week after hitting its all-time high, Story (IP) experienced a brief pullback, consolidating between $9.5 and $10.2. However, as of this writing, IP has risen to $10.25, reflecting a 9.25% gain over the past 24 hours.

With momentum building again, the question remains: can IP sustain this uptrend?

Futures Market Shows Strong Buyer Interest

Story [IP] Price Holds Above $10 as Futures and On-Chain Demand Strengthen

Data from CryptoQuant shows that IP’s Futures Taker CVD has stayed positive over the last two weeks — a sign of continued buyer dominance in the derivatives market. In parallel, Open Interest climbed 18% to $330 million on September 17, according to CoinGlass.

This rising OI, combined with a Long/Short Ratio of 1.04, suggests that investors are increasingly opening positions, leaning slightly bullish with longs making up 51% of the market.

Spot Market Joins the Rally

The Spot market has also turned bullish. On September 17, buyers finally overtook sellers after nine days of consolidation. Coinalyze reports a Buy Volume of 116.7k vs. a Sell Volume of 108.12k, yielding a positive Buy-Sell Delta of 8.58k — a clear indication of aggressive accumulation in spot trading.

On-Chain Metrics Show Network Growth

Demand isn’t limited to trading platforms. On-chain data from Artemis shows that Daily Transactions surged to 333k, the highest level in five months. Similarly, Daily Active Addresses increased from 8.2k to 9.2k, signaling renewed user engagement and broader network utility.

Breakout in Sight for IP?

With demand rising across Futures, Spot, and on-chain activity, IP appears poised for a potential breakout. If current momentum holds, the token could challenge the $10.6 resistance and attempt to reclaim the $11.8 level.

However, bullish momentum remains fragile, and sellers are slowly gaining ground. Sustaining this trend will depend on continued demand across all market segments.