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Summary
• ILVUSDT tested $7.00 support before rebounding to $7.27, forming a bullish harami.
• Volume surged above average levels, confirming key upward moves during overnight trading.
• RSI shows moderate momentum with no extreme overbought or oversold signals.
• Bollinger Bands expanded, reflecting increased volatility post-noon ET.
• Price held above 50-period MA on the 5-min chart, indicating short-term bullish bias.
Illuvium/Tether (ILVUSDT) opened at $7.01 on 2025-12-07 12:00 ET, reaching a high of $7.30 and a low of $6.90 before closing at $7.26 on 2025-12-08 12:00 ET. Total volume was 114,380.1 ILV, while turnover amounted to approximately $813,000.
Structure & Formations
ILVUSDT found critical support near $7.00 and responded with a rebound that formed a bullish harami and a morning star pattern during the 23:45–00:00 ET session. A consolidation phase followed between $7.11 and $7.25, with key resistance forming around $7.25–$7.27 after a strong 5-minute candle closed at $7.27.
Moving Averages and Fibonacci Levels
On the 5-minute chart, price has stayed above the 50-period moving average, with the 20-period MA acting as a dynamic support during the early afternoon. A Fibonacci retracement of the morning decline from $7.30 to $7.00 suggests key levels at 38.2% ($7.16) and 61.8% ($7.23) as potential pivots.
MACD and RSI Dynamics
MACD showed a positive divergence in the morning and confirmed a bullish signal at the 4:30–4:45 ET surge. RSI moved into neutral territory around 55–58, avoiding overbought conditions, suggesting buyers remain in control but are not yet aggressive.
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Volatility and Bollinger Bands
Bollinger Bands widened significantly after 6:00 ET, reflecting increased volatility during the afternoon and evening. Price hovered near the upper band during the peak move to $7.30 and then retracted toward the midline, signaling balanced pressure between buyers and sellers.
Volume and Turnover Divergence
Volume spiked during the 9:15–9:30 ET and 11:45–12:00 ET periods, coinciding with key price moves. Notional turnover aligned well with these spikes, showing strong liquidity and confirming price action. Divergence was not evident, indicating aligned direction between volume and price.
ILVUSDT appears to be consolidating after a sharp rebound from key support. A sustained close above $7.27 may trigger a test of $7.30–$7.35, while a breakdown below $7.20 could reintroduce bearish pressure. Investors should remain cautious as short-term volatility remains elevated, and volume may not yet justify a breakout move.
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