In this Illuvium technical analysis, we will examine the current price action, trading volume, key levels and indicators for ILV-BTC. Illuvium (ILV) is a decentralized gaming platform that leverages blockchain technology to provide a secure and transparent gaming experience. The platform’s native cryptocurrency, ILV, serves as the primary medium of exchange within the ecosystem and can be used to purchase in-game items, subscriptions, and other virtual assets. With its innovative approach to gaming and cryptocurrency integration, Illuvium has gained significant attention from gamers and blockchain enthusiasts alike.
Illuvium Price Overview:
As of May 16, 2024, Illuvium is trading at approximately 0.00124 BTC. Let’s dive into the detailed price action for ILV-BTC:
| Metric | Value |
|---|---|
| Open (O) | 0.00129 |
| High (H) | 0.0013 |
| Low (L) | 0.00124 |
| Close (C) | 0.00124 |
| Volume (C) | 1,047.06 |
- Open (O): The opening price for today’s trading session was approximately 0.00129 BTC.
- High (H): Illuvium reached a daily high of around 0.0013 BTC.
- Low (L): The daily low for ILV-BTC was approximately 0.00124 BTC.
- Close (C): At the time of analysis, Illuvium is trading near its daily close of 0.00124 BTC.
| Metric | Value |
|---|---|
| 1D Change (%) | -3.95% |
| 3D Change (%) | -2.36% |
| 7D Change (%) | -13.84% |
| 30D Change (%) | -16.17% |
| 90D Change (%) | -33.92% |
| YTD Change (%) | -42.24% |
Over the past three days, ILVBTC has decreased by approximately -2.36%, showcasing increased market volatility. Throughout the last week, it continued to decline, with a loss of around -13.84%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ILVBTC maintaining a downward trend of approximately -16.17%, despite intermittent fluctuations. Examining the last 90 days, ILVBTC has witnessed substantial decrease of approximately -33.92%, reflecting strong long-term confidence. Year-to-date, ILVBTC has steadily depreciated by around -42.24%, attracting both institutional and retail investors and highlighting its potential as a long-term investment.
Illuvium Live Chart:
You can access a live price chart for ILV-BTC on various cryptocurrency market websites or trading platforms. These charts provide real-time data, allowing you to track price movements and indicators as they evolve.
Price Volatility and Momentum:
- Volatility score is 0.42247.
- Momentum score is -0.18379.
ILV BTC Technical Analysis
Illuvium Trading Volume:
The trading volume for Illuvium (ILV) over the past 24 hours has been significant, with approximately 1,047.06 BTC traded against ILV. Elevated trading volume often indicates increased market activity and can be an essential factor to consider in technical analysis.
Moving Averages:
- 50-day Simple Moving Average (SMA): ILV is currently trading below the 50-day SMA, indicating short-term bearish momentum.
- 200-day Simple Moving Average (SMA): Illuvium is also trading below the 200-day SMA, indicating a negative long-term outlook.
Relative Strength Index (RSI):
- The RSI30 for ILV-BTC is currently in the low zone, around 35.40814. This suggests that Illuvium is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Illuvium (ILV-BTC) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the BTC monthly resistance level and the BTC support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Illuvium (ILVBTC) faces challenges, trading at 1.24e-03 BTC, as technical analysis signals weakened support and cautionary indicators.
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Disclaimer: The information provided herein, including any technical analysis of cryptocurrencies, is for informational and educational purposes only. It should not be considered as financial advice or a recommendation to buy, sell, or hold any cryptocurrency or make any financial decisions.
Cryptocurrency markets are highly volatile and speculative. Past performance is not indicative of future results, and there are no guarantees of profit or protection against losses. Cryptocurrency investments are subject to significant risks, including but not limited to market fluctuations, regulatory changes, and technological vulnerabilities.
Technical analysis involves the use of historical price and volume data, patterns, and indicators to make predictions about future price movements. It is a subjective and speculative approach to market analysis and should not be the sole basis for making investment decisions.