Why These Altcoins Are Trending Today — February 17

Some altcoins are seeing strong bullish movement today, with Story Protocol (IP), Sonic (S), and Mochi (MOCHI) leading the trend. Story Protocol’s recent mainnet launch has driven significant attention, pushing its market cap to $453 million.

Sonic, formerly known as Fantom, has surged nearly 39% in the past week as its bullish momentum strengthens. Meanwhile, meme coin Mochi has skyrocketed 131% in the last 30 days, securing its place among the top-performing assets this month.

Story (IP)

Story Protocol is one of the most hyped launches of early 2025, with its mainnet recently going live. It makes intellectual property (IP) programmable, allowing creators to control and monetize their assets with a strong positioning for artificial intelligence.

Since its launch, IP has already reached a $453 million market cap and $205 million in daily trading volume, making it one of the most trending new altcoins for this week.

After an initial drop, IP has been recovering and recently formed a golden cross, signaling a potential upside. If momentum continues, it could test $1.95 soon. A breakout above this level could push it past $2, with resistance around $2.12. Maintaining this trend could confirm a stronger uptrend.

If the trend reverses, Story Protocol could test support at $1.79. Losing this level might trigger a drop to $1.58 or even $1.40, depending on selling pressure. Bulls must defend key support levels to avoid a broader decline. The next sessions will be crucial in determining IP’s direction.

Sonic (S)

Sonic, formerly known as Fantom, is up nearly 12% in the last 24 hours and 39% in the past week. Its market cap has climbed back to $1.6 billion, while daily volume surged 79%, reaching $123 million.

Its EMA lines indicate bullish momentum, with a golden cross forming days ago and another potentially on the way. If this happens, S could test resistance at $0.60, and a breakout could push it to $0.65.

A stronger uptrend might even send it toward $0.849, its highest level since January 15.

If momentum fades and the trend reverses, S could test support at $0.47. Losing that level might trigger a drop to $0.37 or even $0.33, depending on the strength of the sell-off. Bulls need to hold key levels to prevent a deeper decline.

Mochi (MOCHI)

Mochi, a Base meme coin, has surged 131% in the last 30 days and over 14% in the past 24 hours, making it one of the top-performing altcoins this month.

A golden cross formed four days ago, with short-term EMA lines still above long-term ones. If momentum continues, S could test resistance at $0.000037 soon. A breakout could push it to $0.000049, and if buying pressure remains strong, it could even reach $0.000064.

If the trend reverses, S could test support at $0.000018. Losing this level might send it as low as $0.0000096.