IP Crypto Surges 12%: Bulls Eye $4.17 Breakout—What’s Next?

IP crypto just rocketed 12% in a single session—fueling speculation that bulls could be gearing up for a push past $4.17. The sudden spike has traders scrambling, with some calling it the start of a new rally while others warn of classic crypto volatility.

Why the surge? Market sentiment shifted overnight, though let’s be real—half these moves are just whales playing ping-pong with retail money. Technicals now suggest $4.17 is the key level to watch. Break that, and the FOMO crowd might pile in harder than a Black Friday sale at a hedge fund.

But here’s the kicker: If momentum stalls, we could see a swift pullback. Because nothing in crypto ever goes up in a straight line—except maybe the fees on some of these networks.

Key technical points:

• Key Support Level: $3.12; in confluence with point of control and local breakout
• Next Resistance Target: $4.17; followed by $4.90 as an extended bullish target
• Oversold RSI: Now exiting extreme levels, signaling momentum recovery
• Volume Behavior: Recent surge in volume at support confirms buyer presence and potential bottom

From a technical perspective, the swing low was formed at the value area low of the recent corrective move. This area aligned closely with high timeframe support at $2.61, which held across multiple daily candle closes, suggesting accumulation at the base. The follow-through came with an impulsive breakout candle, pushing price above $3.12 and confirming a short-term shift in trend.

The $3.12 region is significant. Not only does it align with the point of control, but it has also transitioned from resistance into potential support. If price continues to close above this level on high volume, it WOULD confirm strength in the move and raise the probability of a breakout continuation.

The RSI has also been deeply oversold throughout the downtrend and is now showing signs of recovery. Combined with the surge in volume at support, in stark contrast to the low-volume grind during the downtrend, this signals that demand has returned.

The next resistance sits at $4.17, a natural target for the current leg. A MOVE to this level would represent a further 32% gain from current prices. If bullish momentum remains, $4.90 becomes the next macro target, with the potential for a full trend rotation.

What to expect in the coming price action

If IP continues to close above $3.12 with strong volume, a rally toward $4.17 looks increasingly likely. Watch for consolidation or impulsive continuation in this zone, both will reveal the next major move.