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IP : Buyers drove the charge
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Crypto Express
07/13 02:02
IP : Buyers drove the charge
Naturally, the Money Flow Index (MFI) at 77.46 flagged strong buying pressure, almost to an overbought level.
The inability to break above $5 after the retest may prompt a downside decline to $3.60, a former support zone.
Additionally, the buying momentum was still in effect as the On-Balance Volume (OBV) was still appreciating.
Still, if IP manages to reclaim $5 and flip it into support, the bullish thesis could stay alive.
Additionally, the buying momentum was still in effect as the On-Balance Volume (OBV) was still appreciating.
Still, if IP manages to reclaim $5 and flip it into support, the bullish thesis could stay alive.
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