Market Overview for Illuvium/Tether (ILVUSDT) - October 6, 2025

• ILVUSDT traded in a bearish bias with a notable 4.7% intraday drop, forming key support at $14.64 and resistance at $15.07.
• Volume spiked to 10,799 ILV near 19:30 ET as price broke below $14.75, confirming a bearish momentum shift.
• RSI approached oversold territory by the end of the day, hinting at potential short-term stabilisation.
• Bollinger Bands contracted in the early morning before a sharp price break, indicating increased volatility.
• MACD turned negative mid-day with bearish divergence, reinforcing the likelihood of a near-term correction.

At 12:00 ET on October 5, 2025, ILVUSDT opened at $14.98 and reached a high of $15.34 before closing at $14.97 at 12:00 ET on October 6, 2025. The price traded as low as $14.61 during the session. Total volume reached 10,799 ILV, and notional turnover amounted to approximately $158,977.

Over the past 24 hours, ILVUSDT displayed a distinct bearish trend with a 4.7% drawdown from peak to trough. Key support levels formed around $14.64 and $14.76, with resistance at $15.07 and $15.25. A notable bearish engulfing pattern was observed around 19:30 ET, confirming a short-term reversal from $14.86 to $14.75. A doji formed near $14.85 in the early morning, indicating indecision and a possible turning point. These patterns suggest a weakening bullish momentum, with bears taking control in the latter half of the session.

The 20- and 50-period moving averages on the 15-minute chart showed a bearish crossover around $14.82–$14.85, confirming the recent downward bias. On the daily chart, the 50- and 200-period moving averages were in a bearish alignment, with the price trading below both. This reinforces the idea of a broader bearish structure in place. MACD turned negative in the afternoon, with a bearish divergence developing against the price. RSI hovered around oversold levels by the close, suggesting that a short-term bounce may be in the cards, but without a clear bullish reversal signal.

Bollinger Bands experienced a contraction in the early morning, reaching a width of just 0.04 USD, followed by a sharp expansion as the price broke down through the lower band. The price closed near the lower band, indicating heightened volatility and a possible continuation of the downward move. Volume spiked sharply around the 19:30 ET 15-minute candle, confirming the bearish breakout from $14.86 to $14.75. Notional turnover mirrored the volume spike, showing strong bearish conviction. The price remained within the 15-minute Fibonacci retracement levels between $14.61 and $15.34, with the 61.8% level at $14.78 acting as a key psychological barrier.