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Noorr

07/12 14:53

Buyers drove the charge

Buyers drove the chargeIPUSDT_2025-07-12_09-33-56-768x353.png

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.


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