$IP #DYOR " data-hashtag="#DYOR" class="tag">#DYOR

In 3-minute chart, $IP shows that after reaching a high point of 2.19362, the price began to drop rapidly and is currently around 1.91. The following points can be used to determine if large holders are selling off:
1. Volume Changes
• After the price broke through 2.19, there was a significant amount of trading volume (the green and red volume bars below).
• During the subsequent pullback, the volume remained relatively high, which may indicate significant selling pressure (profit-taking, stop-loss).
• If the volume significantly increases during a price drop, it indicates that large orders are hitting the market, which is usually a sign of large holders unloading.
2. MACD Death Cross
• A death cross has appeared in the MACD (DIF crosses below DEA from above), and the histogram has turned red, indicating weakening short-term momentum.
• This indicates that bullish strength is beginning to weaken, possibly due to large holders selling off at a high point, causing the market to enter a short-term correction.
3. Stochastic RSI Lingers at Low Levels
• Currently, the Stochastic RSI is below 20, indicating that the short-term is in the oversold zone.
• This suggests that the price may have fallen too much in the short term, with a chance of a small rebound, but does not mean that the trend will immediately reverse.
4. Key Moving Average Support
• The current price has broken below MA(5) and MA(20), and is testing the support of MA(60) (around 1.94).
• If MA(60) cannot hold, it may further drop to the 1.85 - 1.80 range.
Conclusion: Large holders may have partially unloaded, but not necessarily completely exited.
1. Significant selling pressure occurred near the previous high of 2.19, possibly indicating large holders taking profits at high levels.
2. The price has dropped below short-term moving averages, with a MACD death cross and high volume, suggesting further short-term fluctuations or corrections may occur.
3. The short-term RSI is oversold, which may lead to a small rebound, but the trend needs to be confirmed for stability.
4. If the price can stabilize in the 1.90 - 1.94 range, there may be an opportunity for consolidation before attempting to rise again, but if it falls below 1.85, further corrections may occur.
Currently, it is important to observe whether the volume continues to increase and whether the price can stabilize at MA(60), as this will affect the short-term trend. If large holders continue to sell off significantly, it may lead to a continued price drop.
This is not a financial advice.
#DYOR " data-hashtag="#DYOR" class="tag">#DYOR