Market Overview for Illuvium/Tether (ILVUSDT)

Summary
• Price surged 7.4% on strong bullish reversal patterns and rising volume.
• RSI reached 68, signaling potential overbought conditions.
• Bollinger Bands expanded, indicating rising volatility.
• Volume spiked to 2771.95 at peak, confirming upward momentum.
• Price found key support at 5.64 before rebounding strongly.

On December 24, 2025 at 12:00 ET, Illuvium/Tether (ILVUSDT) opened at 5.66, reached a high of 5.95, and a low of 5.60, closing at 5.91 at 12:00 ET. Total 24-hour volume was 53,177.36, with a notional turnover of approximately $311,810.

Structure & Formations

ILVUSDT formed a bullish reversal pattern after a strong decline to 5.64, with a large engulfing candle and a higher high followed by a higher low. Key support appears to be around 5.64, with initial resistance now at 5.92–5.95. A doji appeared near 5.70, signaling potential indecision.

Moving Averages

On the 5-minute chart, ILVUSDT closed above the 20 and 50-period moving averages, indicating short-term bullish momentum. On the daily chart, the price is above the 50-period MA but approaching the 100 and 200-period MAs, suggesting a possible consolidation phase.

MACD & RSI

The MACD crossed above the zero line and showed positive divergence with increasing volume, reinforcing the bullish bias. RSI hit 68, indicating the pair may be entering overbought territory, with potential for a short-term pullback.

Bollinger Bands

Bollinger Bands expanded significantly during the price rally, reflecting rising volatility. ILVUSDT traded near the upper band at 5.95, suggesting strong momentum, but could test the lower band if a correction occurs.

Volume & Turnover

Volume spiked sharply during the late-night rally, particularly at 22:15 ET (5.68–5.69) and 01:15–01:45 ET (5.71–5.83). Notional turnover rose in tandem, confirming the bullish move. No clear divergence was observed, suggesting strong buyer conviction.

Fibonacci Retracements

Recent 5-minute swings show ILVUSDT near the 61.8% retracement level from the 5.60 to 5.95 range, which could act as a key resistance. On the daily chart, the 38.2% and 61.8% retracement levels lie at approximately 5.80 and 5.75, respectively.

The price could continue to test resistance at 5.92–5.95 in the coming hours, but a pullback to the 5.80–5.85 range is possible. Investors should remain cautious of a potential overbought correction or a sudden shift in volatility.