{"id":205197,"date":"2025-06-22T13:27:17","date_gmt":"2025-06-22T13:27:17","guid":{"rendered":"https:\/\/www.europesays.com\/uk\/205197\/"},"modified":"2025-06-22T13:27:17","modified_gmt":"2025-06-22T13:27:17","slug":"why-story-ip-is-this-weeks-altcoin-to-watch-amid-market-slump","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/uk\/205197\/","title":{"rendered":"Why Story (IP) Is This Week\u2019s Altcoin to Watch Amid Market Slump"},"content":{"rendered":"

Layer-1 (L1) coin IP has emerged as the market\u2019s top gainer today, defying the broader crypto downturn to post a 4% increase in the last 24 hours.<\/strong><\/p>\n

However, despite the price surge, warning signs are flashing under the surface. On-chain activity remains muted, suggesting the rally may not be backed by strong fundamentals.<\/p>\n

Traders Bet Against PI Despite Price Rise<\/strong><\/p>\n

While most cryptocurrencies traded lower on the day, PI has bucked the trend<\/a> to record gains. However, the rally may not last long, with on-chain metrics signaling growing skepticism among traders.<\/p>\n

For example, amid its 4% rally over the past day, IP\u2019s daily trading volume has dipped 38%, indicating that fewer participants support the upward price move.<\/p>\n

\"IPIP Price Analysis. Source: Santiment<\/a><\/p>\n

When an asset\u2019s price rises while its trading volume falls, it suggests that fewer participants are driving the price movement. This indicates weak buying momentum or a lack of broad market support behind the IP price rally. <\/p>\n

Such conditions make the coin\u2019s rally unsustainable, increasing the risk of a reversal or pullback.<\/p>\n

Furthermore, IP\u2019s funding rate remains negative, reflecting that many traders in the futures<\/a> market are taking short positions\u2014betting that the price will fall. As of this writing, this stands at -0.14%.<\/p>\n

\"IPIP Funding Rate. Source: Coinglass<\/a><\/p>\n

The funding rate is a periodic fee paid between traders in perpetual futures markets to keep contract prices aligned with the spot price. When the funding rate is negative, short traders are paying long traders, indicating that the majority<\/a> of the market is betting on a price decline.<\/p>\n

In IP\u2019s case, the negative funding rate indicates that many traders anticipate a reversal of its recent price rally. This reflects the persistent bearish pressure that has kept the coin\u2019s performance subdued over the<\/a> past several weeks.<\/p>\n

Can IP Rebound? Token Eyes $3.17 If Demand Returns<\/strong><\/p>\n

As of this writing, IP trades at $2.75, hovering above a key support level at $1.59. If demand weakens, IP risks plunge below this floor and potentially fall under the $1 mark.<\/p>\n

\" IPIP Price Analysis. Source: TradingView<\/a><\/p>\n

However, a resurgence in new demand for the altcoin could invalidate this bearish outlook. In that scenario, IP\u2019s price may rebound toward $3.17. A successful break above that resistance could<\/a> propel the IP token price toward the $4.41 level.<\/p>\n

Disclaimer<\/p>\n

In line with the Trust Project<\/a> guidelines, this price analysis article is for informational purposes only and should not be considered financial or investment advice. BeInCrypto is committed to accurate, unbiased reporting, but market conditions are subject to change without notice. Always conduct your own research and consult with a professional before making any financial decisions. Please note that our\u00a0Terms and Conditions<\/a>,\u00a0Privacy Policy<\/a>, and\u00a0Disclaimers<\/a>\u00a0have been updated.<\/p>\n","protected":false},"excerpt":{"rendered":"Layer-1 (L1) coin IP has emerged as the market\u2019s top gainer today, defying the broader crypto downturn to…\n","protected":false},"author":2,"featured_media":205198,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3091],"tags":[51,2441,16,15],"class_list":{"0":"post-205197","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-markets","8":"tag-business","9":"tag-markets","10":"tag-uk","11":"tag-united-kingdom"},"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@uk\/114727252503111984","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/205197","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/comments?post=205197"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/posts\/205197\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media\/205198"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/media?parent=205197"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/categories?post=205197"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/uk\/wp-json\/wp\/v2\/tags?post=205197"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}