Illuvium/Tether (ILVUSDT) Market Overview: 24-Hour Summary for November 13, 2025

Summary

• • Price declined from 9.26 to 9.14, hitting a 24-hour low of 8.87.
• • RSI dropped into oversold territory, but bounce attempts failed.
• • Bollinger Bands show widening volatility, with price near lower band.
• • Volume spiked in afternoon ET, but price failed to confirm strength.
• • Short-term support appears at 9.10–9.12, resistance near 9.25–9.27.

Market Overview

Illuvium/Tether (ILVUSDT) opened at 9.26 on November 12 at 12:00 ET, reached a high of 9.35, a low of 8.87, and closed at 9.14 on November 13 at 12:00 ET. Total volume over 24 hours was 106,548.69 units, with a notional turnover of $944,518. The pair has shown a bearish bias with multiple attempts to reclaim prior resistance levels failing due to weak follow-through.

The 15-minute chart shows ILVUSDT forming a bearish engulfing pattern near 9.25 on November 13 morning, followed by a failed rebound and a consolidation near 9.14. This suggests short-term bearish momentum may continue unless a strong reversal candle forms above 9.25. The 20-period moving average has dipped below the 50-period line, signaling a potential short-term bearish bias. Meanwhile, the 50-period EMA on the daily chart remains above price, suggesting that the mid-term trend remains in question.

Momentum and Volatility Analysis

The RSI has dipped into oversold territory (below 30), but failed to produce a sustained rebound, suggesting lingering bearish pressure. MACD remains in negative territory, with the signal line crossing below it, reinforcing bearish momentum. Bollinger Bands have widened significantly, indicating heightened volatility. Price has remained near the lower band for much of the day, suggesting that downside risks remain elevated. A move above the mid-band (around 9.22) could indicate a potential reversal, but this remains unconfirmed.

Volume and Turnover Dynamics

Volumes spiked in the late morning and early afternoon, with the largest candle at 11:45 ET showing 5,617.314 units traded. However, price failed to make a convincing move higher, indicating volume divergence. The final hour of the 24-hour period (12:00–12:15 ET) saw a large bearish candle with high volume, reinforcing the downward bias. Turnover increased proportionally with price declines, suggesting selling pressure rather than buying interest. Divergence between price and volume may indicate exhaustion in the short-term bearish move, but confirmation is needed.

Backtest Hypothesis

The embedded backtesting strategy reveals a weak risk-adjusted performance for ILVUSDT since early 2022, with a total return of -21.2% and a Sharpe ratio of 0.024. The 3-day holding rule used in the strategy appears insufficient for ILV’s typical prolonged price action, where mean reversion often takes longer than a few days. While oversold RSI levels occasionally triggered rebounds (avg. +5.3%), frequent small losses (-7.1% avg.) eroded overall returns. Extending the holding period or combining RSI with trend-following filters could improve performance. These results suggest that ILV’s volatility is more about range-bound noise than directional momentum, aligning with the observed Bollinger Band expansion and RSI oscillations in the 24-hour data.