IP rebounds from support level, large investors continue accumulating, hinting that the $4 target is imminent

GasWrangler · 2026-01-22T07:00:09+00:00

IP rebounded at the $2.40 support level, with technical indicators showing upward momentum. Open interest surged to $89 million, with large holders controlling 55% of the circulating supply. The market is watching whether it can break through the $4 resistance, with $290,000 in liquidity accumulated nearby.

GasWrangler

2026-01-22 07:00:09

Abstract generation in progress

【Crypto World】IP successfully rebounded at the $2.40 support level. The Stochastic RSI( is approaching the oversold zone, indicating that the rebound potential still exists. More interestingly, the open interest has surged by $10 million, now reaching $89 million, suggesting that institutional players are becoming active again. On-chain data further illustrates the situation—large holders currently control 55% of the circulating supply, a level of concentration that essentially indicates they are openly accumulating. The combination of technical support, institutional follow-through, and continued large holder positioning signals that both bullish and bearish market participants are watching whether IP can break through the key resistance at $4. It is worth noting that approximately $290,000 in liquidity is stacked near this price level, which could become a focal point for the next rebound.

IP-7,17%

View Original

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.

14 Likes