Kaito, Berachain (BERA), and Story Protocol (IP) prices have soared this week, helped by the robust demand among investors as the Fear of Missing Out (FOMO) intensified. Story token soared by 130%, while Kaito and Berachain have jumped by 115% and 12%, respectively. This article explores what to expect and whether their rally will continue.
Story IP Price Forecast
The Story Protocol token price has done well after bottoming at $1.383 earlier this month. It surged to a high of $7.45 this week, bringing its market cap to over $1.6 billion. This surge happened in a high-volume environment, with the 24-figure hitting $2.24 billion. Most of this volume was on Bybit, Coinbase, and OKX, meaning a Binance listing may happen soon.
The Story price also jumped after Aria, a part of its ecosystem, announced that it would acquire the copyright of BTS and Steve Aoki’s single, The Truth Untold. This is notable because BTS is one of the biggest players in the music industry.
The two-hour chart shows that the IP price has been in a strong uptrend in the past few days and is nearing an all-time high of $7.98. It has formed an ascending channel, shown in red, and moved slightly above the 25-period moving average.
Therefore, the path of the least resistance is where the Story token price continues rising as bulls target the next key resistance point at $7.98, followed by $10.
Berachain Price Prediction
The Berachain price has done well in the past few weeks following its highly successful mainnet launch. It has jumped from a low of $4.72 to $7.3 as its ecosystem’s total value locked (TVL) jumped to over $3 billion.
BERA price has moved above the ascending trendline that connects the lowest swings since February 9. The token has moved slightly above the 25-period moving average on the three-hour chart.
However, it has also formed an inverse hammer or a shooting star pattern, a highly popular reversal sign, pointing to a brief pullback. More gains will be confirmed if the BERA coin price moves above the resistance at $8.075, this week’s high. Such a move will point to further gains, potentially to the key point at $9.2, the all-time high.
Kaito Price Analysis
The Kaito token has also done well following its airdrop as investors cheered the launch of its staking feature. Kaito price has soared from a low of $0.10 on February 20th to a high of $2.4.
Kaito’s price has moved above the key resistance level at $2.1150, the highest on February 21 and 24. This price was the upper side of the ascending triangle pattern, a popular continuation sign. It has remained slightly above the 25-period moving average, indicating that bulls are in control.
Therefore, the most likely scenario is for the Kaito price to retreat, retest support at $2.1150, and then resume the uptrend.
Summary
This year, Kaito, Berachain, and Story tokens have thrived after their airdrops. They have moved to the fear of missing out phase (FOMO), which is characterized by animal spirits among investors. This rebound may continue for a while. However, there is a risk that they will then retreat in the coming weeks as they move into the distribution phase.
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