IP rebounds strongly at a key position, the signal is not simple

#story #IP Recent price trends have begun to show significant changes. After a pullback close to the fair value gap (FVG) of $2.40, IP rebounded quickly, demonstrating considerable resilience. This position is clearly not ordinary support, but is viewed as a short-term defensive focus by capital.

The ability of prices to quickly stop falling in this area indicates that buyers are actively defending this price level and trying to convert it into a basis for short-term price stability.

Technical indicators release turning point signals

From a technical indicator perspective, IP's rebound is not coincidental. As of the time of writing, the Stochastic RSI is approaching the oversold range. This usually indicates that selling pressure is easing and the market is at a potential emotional turning point.

Combining the previous rapid decline and subsequent strong rebound, a key area of "imbalance repair + technical resonance" is forming around $2.40. Such positions are often the starting point for the market to choose a new direction.

Institutions are starting to enter the market, and derivatives data is heating up.

It is also worth noting the changes in the derivatives market. In the past 24 hours, the open interest of IP has increased by about $10 million, bringing the total to around $89 million. This indicates that it is not just short-term funds betting on a rebound, but new positions are continuously entering.

Such changes are often related to institutional fund participation, especially when prices are at key support areas, institutions tend to gradually build long positions rather than chase highs. The growth of open interest reflects that market confidence in IP's subsequent trend is warming up.

Whale behavior is releasing positive signals.

On-chain data also provides bullish signals. Currently, the supply held by whale addresses has risen to 55%. In other words, more than half of the chips in the market are held by large funds.

From historical experience, when whales continuously increase their holdings at low levels rather than choosing to sell, it usually indicates a more optimistic outlook on future price movements. Especially in the context of rising derivatives activity, such behavior resembles early positioning rather than short-term speculation.

Bulls are accumulating strength, but are still one step away.

With the support level holding steady, institutional positions increasing, and whale control expanding, the overall market sentiment for IP is gradually leaning towards bullishness. However, for the market to truly move forward, a key condition remains — whether subsequent buying can continue.

If buying strength continues to grow, IP is expected to gain stronger upward momentum and initiate a test towards the $4 area. This position is not only a clear psychological resistance point but also a liquidity-rich area; the difficulty of breaking through is not low, but once approached, volatility may also increase.

$4, the next focus of the market.

Data shows that around $4, there is a liquidity cluster of about $290,000. This means that once the price approaches this area, market participation and betting intensity will significantly increase.

Whether IP can truly reach this step depends on two factors: first, whether large funds continue to participate, and second, whether the price can consistently hold above $2.40 to avoid falling back into an imbalance zone.

Summary

Overall, after IP maintains the fair value gap at $2.40, it has regained upward momentum. The rapid growth of open interest, institutional funds intervention, and increased whale holding ratios all point to one fact: market confidence is being restored.

Next, whether IP can transition from "stop-loss rebound" to "trend continuation," $4 will be an unavoidable key threshold. For investors interested in this asset, the current stage feels more like a test of patience and judgment.