#交易分析101

IP Coin current price **$5.12** (+6.11%), 24-hour trading volume reached **$175 million**, market enthusiasm continues to rise. Technical indicators show that the 4-hour candlestick has formed an **ascending triangle pattern**, with short-term resistance at **$7.5** (December 2024 high), but the RSI indicator is overbought (76.3), caution is needed for a pullback risk. Key support is in the **$4.8-5** range (50-day EMA coinciding with the Fibonacci 50% retracement level), if breached or if it tests **$4.2** strong support. On-chain data shows that there is a large accumulation of orders in the **$6.8-7.1** area, which may become the focal point of the bulls and bears. Current market correlation is increasing; if Bitcoin breaks through the **$90,000** psychological barrier, it may drive IP Coin to challenge new highs for the year; conversely, if the overall crypto market pulls back, IP Coin may face a **15%-20%** short-term decline. The circulating supply accounts for 25%, and future unlocking pressure may suppress the sustainability of the rise.