$IP - 4H CHART
IPUSDT is attempting stabilization near $1.16 after carving a local base above $1.05, but the market structure still leans toward bearish continuation. The current rally is pressing into a supply pocket formed during the last breakdown, an area where sellers historically regained control.
Price behavior suggests this is a decision zone: acceptance above $1.25 would mark a structural shift and invite expansion toward $1.40, while rejection reinforces the lower-high pattern. In that scenario, rotation back to $1.10 becomes likely, followed by another liquidity probe near $1.05. Momentum is improving, yet not strong enough to confirm reversal conditions.
Until resistance is cleanly flipped into support, IP remains in a corrective bounce phase where rallies are vulnerable, and downside continuation remains the higher-probability path from a structure perspective.