$IP Triangle Breakout: A 46% Price Jump in the Near Future

• $IP shows a triangle pattern indicating a breakout.
• A breakout could lead to a 46% price move.
• Price action is showing signs of a significant change soon.

The $IP token is consolidating in a triangle pattern and is set for a breakout that may propel it by as much as 46%. The token has continued to trade tightly with important supports at $5.41 and resistance at $6.63, where it has concentrated its value. The price is now down the triangle and a breakout approach would see traders keenly watching for a move to $7.10. If this is achieved, it would revolutionize the token value-wise in the short term.

#Story $IP gearing up! A triangle breakout could unleash a 46% price move. pic.twitter.com/HfMC9h7n7j

— Ali (@ali_charts) March 18, 2025

Key Price Levels to Watch

This picture depicts the triangle structure with a strong upper trend line coming down from previous highs and then a lower trend line which is guiding the price action rising from the lows. This triangle pattern currently puts the price action at the apex. The current price for $IP, which is $5.41, is slightly above key 0.618 Fibonacci retracement level, implying strong support. The next resistance level lies at $6.63, with price attempts held under that cap. Then, it could burst fast into an upward movement, potentially hitting the $7.10 mark, a 46% increase.

Fibonacci retracement levels are important for predicting where prices are likely to reverse. The levels are very prominent across the $0.4012 and $0.3847 Fibonacci calculations found in the chart of $IP. The 0.618 Fibonacci retracement at $5.41 continues to be a stronghold barrier against price declines. The price remains above the 0.236, with the level at $6.63 denoting previous resistance and preventing further price spikes. The apex of the triangle will dictate the price action: either a breakout above $6.63 will launch an aggressive bullish move, or anything below will carry a return if the support is too weak.

The picture for $IP Token

This is the upmove explosion beyond this triangle shape; possibly the catalyst for a very strong rally price for $IP. A breakout up would bring a bullish argument in the general sense of the cryptocurrency market, which could bring about the benefits of a possible 46%. With every technical analysis, however, there are risks in that it cannot assure a breakout. Therefore, traders should check for a clear confirmation before jumping into any actions.

Source