According to Twitter user @CryptoMarketWatch, IP coin has experienced significant downward pressure in recent sessions but has now reached a notable support level, which may provide a potential trading opportunity for short-term traders. The analyst points out that if the support holds, IP coin could see a technical rebound, but emphasizes the importance of monitoring trading volumes and order book dynamics for confirmation. This price action is relevant for crypto traders seeking entry points or managing risk in volatile markets (source: @CryptoMarketWatch).