The recent trend of this IP coin is quite interesting. Looking at the daily chart, the key resistance level is being precisely pressured, and the rebound space is getting smaller and smaller. Then, looking at the 1-hour chart, there is a pin-back retreat pattern at high levels, and the top characteristics are quite obvious.

To be honest, the $4 price point is quite critical. Many people think this is an opportunity, but from the market performance, the main force might be positioning here to induce more buying. Currently, the market indeed shows signs of struggling, with increasing downward pressure.

If you are paying attention to the trend of IP, this price range is worth special attention. Technical signals should be combined with your own risk tolerance to make judgments; don’t jump to conclusions based on a single point.