#Joingrowthpointsdrawtowiniphone17 #Gatelayerofficiallylaunches #BtcPriceAnalysis IP fell by 10% testing the support at $11.37. On-chain data suggests a potential rebound.[Coin World] The price of IP has fallen nearly 10% in the last 24 hours, testing the key support level of $11.37. Despite the price drop, on-chain data shows strong retail investor participation in the Spot market, while buyers dominate the futures market, with long positions around $11.87. These signals suggest that this drop may be just a short-term pullback rather than a new downward trend. If the current support level holds, a reversal may occur, targeting the resistance level of $15.
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#Joingrowthpointsdrawtowiniphone17 #Gatelayerofficiallylaunches #BtcPriceAnalysis IP fell by 10% testing the support at $11.37. On-chain data suggests a potential rebound.[Coin World] The price of IP has fallen nearly 10% in the last 24 hours, testing the key support level of $11.37. Despite the price drop, on-chain data shows strong retail investor participation in the Spot market, while buyers dominate the futures market, with long positions around $11.87. These signals suggest that this drop may be just a short-term pullback rather than a new downward trend. If the current support level holds, a reversal may occur, targeting the resistance level of $15.