The pattern of this coin IP is already very obvious—yesterday it was shining on the gainers list, and today it’s stuck in the losers list. This is the typical rhythm of overbought leading to oversold, but the reverse is not necessarily true; oversold does not mean an immediate rebound.

From a technical perspective, IP's trend belongs to a relatively unique category. After this round of correction, as long as it stabilizes above the support level, there should still be opportunities to go long. The main upward wave usually doesn't end so quickly; it is expected that by the end of the month, IP may return to a price starting with 4. Of course, the specific trend still depends on market rhythm, but from a cyclical perspective, this position is indeed quite attractive.