2026-01-05 05:36:34

IP Token Shows Signs of Consolidation Post-Rally

After an impressive +32.8% surge over the past week, IP has pulled back -0.55% in the last 24 hours—a textbook profit-taking scenario for traders riding the momentum wave. Nothing surprising here, just market mechanics at work.

What's driving this correction?

First, there's obvious profit-taking pressure around the $2.16 level where many early buyers locked in their gains. Second, the scheduled hard fork on January 14 is injecting some near-term uncertainty into the mix—these technical upgrades always create a bit of hesitation. And let's not ignore the liquidity factor: thinner trading books mean price swings get amplified in both directions.

For those watching the charts, the $2.02 support level is worth monitoring closely. Hold above that and the bullish narrative stays intact. Break below? That's when things could get more interesting.

IP-0,04%

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OnchainDetectiveBing

· 23h ago

A 32-point increase directly dumps the market; this is a common operation in the crypto world. It doesn't scare me.

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TommyTeacher1

· 01-05 06:06

A 32% increase and they're already running away. These people are really anxious. Let's wait and see how the hard fork on January 14th unfolds.

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MindsetExpander

· 01-05 06:04

Up 32 points and still debating 0.55%? Retail investors' mentality is exposed, haha

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MoonlightGamer

· 01-05 05:59

A 32% increase and you're thinking of running? Bro, it's just the beginning. Keep an eye on the $2.02 level.

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FOMOSapien

· 01-05 05:49

A 32% increase just pulled back like this. I should have bought in on 2.16.

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Web3Educator

· 01-05 05:45

ngl, the $2.02 level is where my students always mess up—they panic sell instead of understanding accumulation zones, fundamentally speaking this is textbook consolidation behavior

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