#IP 【Coin World】The price of IP has fallen nearly 30% in the last 24 hours, testing the key support level of $9.37. Despite the price drop, on-chain data shows strong retail investor participation in the spot market, with buyers dominating the futures market and long positions around $10. These signals suggest that this decline may only be a short-term pullback, rather than a new downward trend. If the current support level holds, a reversal could occur, targeting the resistance level of $13.
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#IP 【Coin World】The price of IP has fallen nearly 30% in the last 24 hours, testing the key support level of $9.37. Despite the price drop, on-chain data shows strong retail investor participation in the spot market, with buyers dominating the futures market and long positions around $10. These signals suggest that this decline may only be a short-term pullback, rather than a new downward trend. If the current support level holds, a reversal could occur, targeting the resistance level of $13.