Crypto’s Cold Shower: IP Price Rockets, Yet On-Chain Winks at Trouble! 🚀🚨

by

Story (IP) is flipping the script today, with its value extravagantly soaring by a near 10% in just a single day. Quite the fireworks display, wouldn’t you say? 🎆

But hold your horses-the on-chain toe-tappers suggest that all isn’t as rosy as a summer picnic. The rally might just be a house of cards, built on quicksand rather than solid ground.

Bearish Divergence: IP’s Ugly Stepchild Despite the Climb

IP’s Chaikin Money Flow (CMF)-that trusty ol’ metric for tracking the inflow and outflow of cash-has been doing a slow fade, much like a forgotten soufflé, despite the coin’s seemingly unstoppable ascent. Today, it’s lounging below zero at -0.04, which is about as convincing as a fox in a henhouse, signaling a bearish divergence 🦊🐔.

For those of you who like digging into token trends and market gossip: Sign up for Editor Harsh Notariya’s Daily Crypto Newsletter-your ticket to knowing what’s what in this chaotic carnival.

It’s an old trick-CMF falling while prices soar-like a lead balloon, indicating that the rally’s more flash than substance. Looks like the hype train is running on fumes, and the real investors are hiding under their desks.

And if that weren’t enough to give you jitters, the negative funding rate lends a hand. According to Coinglass, IP’s funding rate is dipping below zero at -0.116%. That’s not optimism, folks; that’s trouble wearing lipstick. 💄

The funding rate plays the role of a referee in perpetual futures, ensuring the contract price stays in line with the spot-think of it as a market-sized tug of war. When it’s negative, the short-siders are doing a victory dance, and longs are paying for the privilege. Not exactly a vote of confidence, unless your idea of fun is betting against the house.

This low rate screams one thing: Bears are having a picnic, and the future might just be a downward slope. Despite the recent fancy footwork, the pros are betting on a fall.

Demand? What Demand? The Danger of a Sudden Dip

The lack of genuine demand backing this dizzying rise puts IP on a slippery slope. If the market’s mood turns sour, we could be looking at a nosedive down to around $5.43-a number that, frankly, sounds more like a reluctant cough than a price. 🤧

On the bright side, if buy pressure suddenly makes a comeback, we might see our favorite coin bounce up to about $6.54. It’s a game of musical chairs, and nobody knows where everyone will land.

Read More

2025-08-27 19:31