$IP is trading inside a rising wedge, a pattern often viewed as a bearish signal after a strong recovery.



Price is currently testing the lower trendline, while momentum continues to fade.

A confirmed breakdown below support could trigger a larger correction and shift market structure in favor of the bears.

For now, $IP remains trapped within the wedge, with traders watching closely for a decisive move.

#Get2SharesOfSKHynixAtZeroCost #EthereumFoundationRestructuresForEfficiency
IP-1.35%
post-image
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 17
  • 1
  • Share
Comment
Add a comment
Add a comment
GateUser-9d67589f
· 06-27 14:44
Ethereum Foundation restructures efficiency, Layer2s should also learn from it.
View OriginalReply0
L2NightCourier
· 06-27 04:51
What does the tag "#Get2SharesOfSKHynixAtZeroCost" mean? Is it related to IP?
View OriginalReply0
On-ChainSoilAfterTheRain
· 06-26 18:56
If it breaks below the lower edge, I will directly reduce my position.
View OriginalReply0
BoringButBullish
· 06-26 11:04
End of the wedge, waiting for direction.
View OriginalReply0
CryptoZeno
· 06-25 03:45
Every deep blue moment is a gift, and this time is no exception.
Reply0
GateUser-badbf8e8
· 06-25 00:04
A whale is bottom-fishing and accumulating.
View OriginalReply0
PatinaTradingBell
· 06-24 23:53
Already watching the order book, ready to run at any time.
View OriginalReply0
MempoolDaydream
· 06-24 23:21
The volume cannot keep up, this pattern is indeed precarious.
View OriginalReply0
GasfeeComplainer
· 06-24 18:49
The win rate of rising wedge is actually not that high, don't scare yourself.
View OriginalReply0
MintCondition
· 06-24 17:15
Momentum fade is an understatement; I think it's almost gone.
View OriginalReply0
View More