Market Overview for Illuvium/Tether (ILVUSDT) - 2026-01-01

Summary
• ILVUSDT traded in a bullish consolidation pattern, with a key breakout above 5.60.
• Volume spiked in late trading, confirming strength near 5.63–5.66.
• RSI reached overbought territory, suggesting possible near-term exhaustion.
• Bollinger Bands expanded, signaling increased volatility.
• A 5.63–5.64 bullish engulfing pattern emerged, supporting further upside.

Market Overview

Illuvium/Tether (ILVUSDT) opened at $5.57 on 2025-12-31 at 12:00 ET, reached a high of $5.71, a low of $5.47, and closed at $5.62 as of 2026-01-01 at 12:00 ET. Total volume amounted to 81,135.81 with notional turnover of $450,481.51 over the 24-hour period.

Structure & Formations

The 5-minute chart showed a strong consolidation phase between $5.56 and $5.66 before a clear bullish breakout. A bullish engulfing pattern emerged at $5.63–$5.64, suggesting continuation of the uptrend. Key support levels appear around $5.56–5.58 and $5.47–5.50.

Moving Averages

On the 5-minute chart, the 20SMA and 50SMA crossed to the upside, reinforcing bullish momentum. The daily chart showed a positive slope with 50DMA above 100DMA and 200DMA, indicating medium-term strength.

Momentum & Volatility

MACD showed a positive crossover with a growing histogram, supporting ongoing buying pressure. RSI reached 68–70 in the final hours, indicating overbought conditions. Bollinger Bands expanded significantly, suggesting elevated volatility.

Volume & Turnover

Volume and turnover surged between 04:45 and 06:00 ET as the price broke out of consolidation, with the largest single candle (00:45–01:00) showing a turnover of $31,270. Price and volume aligned, confirming strength above $5.63.

Fibonacci Retracements

Recent 5-minute swings showed ILVUSDT retreating to the 61.8% level at $5.56 before rebounding. Daily retracement levels at $5.61 and $5.47 have held as key support/resistance.

ILVUSDT appears to be in a bullish phase with strong short-term momentum. While the recent rally into overbought territory raises the risk of a pullback, the breakout above $5.63 and confirmation by volume suggest continued upside potential. Investors should remain cautious and watch for a possible test of $5.66–5.67 and potential overbought correction.