Illuvium (ILVUSDT) Market Overview

• Price action shows a bearish bias with a 9.06% drop from 15.65 to 14.90 over 24 hours.
• A key support level forms near 14.85–14.90, confirmed by consolidation and increased volume.
• RSI indicates oversold conditions, suggesting potential for short-term recovery.
• Volatility remains elevated, with Bollinger Bands widening, reflecting market uncertainty.
• Strong volume surges at key turning points signal active participation but no clear reversal yet.

Market Overview

Illuvium (ILVUSDT) opened at $15.65 on 2025-08-23 12:00 ET, reached a high of $15.72, and closed at $14.90 on 2025-08-24 12:00 ET, with a 24-hour low of $14.86. Total traded volume was 112,196.34 units, and notional turnover amounted to approximately $1,703,246.25.

Structure & Formations

Price has fallen into a key support zone near 14.85–14.90, reinforced by a long lower wick and a bullish engulfing pattern forming at the 14.86 level. A doji at 15.13 and the breakdown below the 15.20 psychological level signal bearish control.

Moving Averages

The 20-period and 50-period moving averages on the 15-minute chart are both below price, reinforcing a short-term bearish bias. On the daily chart, price remains below the 200-period MA, indicating a broader downtrend.

MACD & RSI

The MACD has been negative for the past 12 hours, with the histogram contracting slightly, suggesting slowing bearish momentum. RSI has fallen into oversold territory (~30), hinting at a potential rebound in the short term, though a reversal is not yet confirmed.

Bollinger Bands

Volatility has expanded, with bands widening significantly as the price tested the lower band multiple times. Current price action suggests a possible consolidation phase within the band boundaries.

Volume & Turnover

Volume surged at key price levels such as 15.13, 15.31, and 14.91, with the largest single 15-minute turnover of $213,292.42 at the 14.91 level. Volume and price action are aligned, with no clear divergence detected.

Fibonacci Retracements

The recent 15-minute swing from 15.72 to 14.86 shows the 61.8% retracement level at ~15.23, where price briefly consolidated. On the daily chart, the 38.2% level is at ~15.38 and is likely a near-term resistance should the trend reverse.

Illuvium may test the 14.85–14.90 support cluster in the near term, with a potential bounce into the 15.00–15.15 range if RSI and MACD confirm a recovery. However, the risk of a break below 14.85 remains, which could accelerate the downtrend toward 14.50.