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IP Token Drops 10% Amid Market Correction, On-Chain Metrics Hint at Rebound
IP Token Drops 10% Amid Market Correction, On-Chain Metrics Hint at Rebound
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BTCCSquare news:
IP token prices plunged nearly 10% in 24 hours, testing a critical support level at $11.37. The MOVE reflects a technical pullback after recent gains, with charts showing a strong bounce that suggests potential reversal toward $15 resistance.
Retail participation surged during the dip, according to CryptoQuant data, indicating sustained spot market demand. Futures markets show buyer dominance—a contrarian signal that this may be a temporary correction rather than a trend reversal.
Market gaps often act as springboards for crypto assets. IP's ability to hold above $11.37 could determine whether this becomes a buying opportunity or precedes deeper downside. The token's community remains divided on near-term direction.
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