The post IP Coin Price Skyrockets 86% in a Week – Will It Hit $9 or Fall Below $6? appeared first on Coinpedia Fintech News Since February 23, the cryptocurrency market has experienced a steep drop of 10.19%. Contrary to this general trend, during the same period, IP has witnessed a sharp rise of 39.66%. Currently, IP is one of the trending tokens in the cryptocurrency market. In the last seven days, the IP market has surged by approximately 86.2%, enabling it to emerge as the top crypto in terms of seven-day growth. Can IP keep up the momentum, or is a drop coming? Let’s break it down. IP Rises While the Crypto Market Falls At the start of February 23, the overall market cap of the cryptocurrency sector was around $3.14T. Between February 23 and 26, the market reported a severe drop of 12.42%. Currently, the total market capitalisation of the crypto market stands at $2.81T – at least 2.18% above where the market was at closing time yesterday. In contrast, between February 24 and 26, the IP market recorded an impressive growth of 77.62%. Data shows that during all these three days, IP remained the top gainer in terms of 24-hour growth. Reports suggest that what is driving the price surge of IP is high demand. What Technical Analysis Conveys About the IP Surge The SuperTrend indicator on the four-hour chart of IP shows that a dynamic support level has been formed at $4.9. This indicates that there exists strong bullish pressure in the market. The current price of IP is $6.2 – which is far above the SuperTrend value of $4.9.When an asset’s price remains above the SuperTrend value, it indicates a bullish trend. .article-inside-link { margin-left: 0 !important; border: 1px solid #0052CC4D; border-left: 0; border-right: 0; padding: 10px 0; text-align: left; } .entry ul.article-inside-link li { font-size: 14px; line-height: 21px; font-weight: 600; list-style-type: none; margin-bottom: 0; display: inline-block; } .entry ul.article-inside-link li:last-child { display: none; } Also Read : Binance Lists MyShell (SHELL) Today: Trading Time and Airdrop Details Revealed , Will IP Hit $9 or Drop Below $6? In the last 24 hours, the IP price has witnessed a drop of 6.7%. Experts predict that if the $6 support holds, the IP market could reach its all-time high of $9. Experts warn that if selling pressure gains more momentum, the IP price could drop to $4.9 – the dynamic support level revealed by the SuperTrend indicator. 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