February 21, 2025
IP’s Price Momentum
According to Coinglass, IP has climbed into the top ten crypto AI tokens, even surpassing Virtuals Protocol (VIRTUAL). Currently priced at $3.42, it has seen a 97% increase in trading volume.
Various exchanges have also reported a consistent outflow of IP tokens, signaling growing investor interest. Over the past 24 hours, $2.15 million worth of IP tokens were transferred.
Technical Indicators
Long positions continue to dominate, with $3.28 million in long bets at the $3.134 level. Short sellers seem to be exhausted, with $1.54 million in short positions at $3.276.
Meanwhile, technical analysis shows a bullish trend, with the ADX at 59, indicating strong momentum. However, the four-hour chart suggests a possible 15% correction, potentially bringing the price to $2.61.
