The post IP Price Jumps 86% in a Week as Crypto Market Drops – Key Levels to Watch appeared first on Coinpedia Fintech News
Since February 23, the cryptocurrency market has dropped by 10.19%, marking a significant downturn. However, IP has defied the trend, rising by 39.66% over the same period. Currently, it is one of the top-performing tokens in the market. In the last seven days, IP has surged by 86.2%, making it the biggest gainer of the week. But can this rally continue, or is a correction on the way?
Let’s take a closer look.
On February 23, the total cryptocurrency market cap was around $3.14 trillion. By February 26, it had fallen sharply by 12.42%. As of now, the market cap stands at $2.81 trillion, recovering slightly by 2.18% from yesterday’s close.
Meanwhile, between February 24 and 26, IP recorded a massive 77.62% gain. For three consecutive days, it was the top gainer in terms of daily growth. Reports suggest that strong demand is fueling this price surge.
Technical analysis on IP’s four-hour chart shows that a key support level has formed at $4.90, according to the SuperTrend indicator. This suggests strong bullish momentum in the market.

Currently, IP is trading at $6.20, well above the SuperTrend support level. When an asset stays above this level, it usually signals an ongoing uptrend.
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In the past 24 hours, IP’s price has dipped by 6.7%. Analysts believe that if the $6 support level holds, the token could climb back to its all-time high of $9.
However, if selling pressure increases, IP could drop to its $4.90 support level. A further breakdown might push the price down to $4.38.
With IP showing strong momentum despite the broader market decline, all eyes are on whether it can maintain its uptrend or face a pullback in the coming days.
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