The IPUSDT price has surged rapidly to $9.59, then dropped sharply and is now around $4.98.
Technical Analysis:
โ A sharp rise with high volume โ This could be due to FOMO (Fear of Missing Out).
โ Pullback after a big green candle โ This is a common pattern.
โ Currently at a key decision point โ If support holds, the price may rise again; otherwise, it could continue to drop.
Possible Scenarios:
๐น If the price holds between $4.5 - $4.8, it might go up again.
๐น If it drops below $4.5, the next support level could be around $3.5.
๐น A new catalyst is needed for further growth, such as news, market trends, or big buy orders.
Advice:
๐ Avoid FOMO buying, as the price has already surged significantly.
๐ Set a stop-loss, especially for short-term trades.
๐ Check RSI and other indicators โ It may be in an overbought zone.
What strategy are you considering? Are you looking for a long or short position?
#ipu