Traders see a bullish sentiment with 2.64 million USD in long positions. The OI-weighted funding rate is at +0.0006%, showing confidence in IP’s continued growth. A bullish inverted head-and-shoulders pattern signals further upside.
If IP breaks through its current resistance levels according to analysis, it might rally up by 25%, targeting the 5.30 USD mark in the near future. However, it’s crucial to monitor market trends and sentiment.
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