In this Illuvium technical analysis, we will examine the current price action, trading volume, key levels and indicators for ILV-USDT. Illuvium (ILV) is a decentralized gaming platform that utilizes blockchain technology to provide a secure and transparent gaming experience. ILV’s innovative features include a decentralized marketplace for in-game items, a robust reward system, and a user-friendly interface that makes it easy for gamers of all skill levels to participate. With its focus on community engagement and player empowerment, Illuvium is poised to revolutionize the gaming industry and beyond.
Illuvium Price Overview:
As of June 18, 2024, Illuvium is trading at approximately 69.19 USDT. Let’s dive into the detailed price action for ILV-USDT:
| Metric | Value |
|---|---|
| Open (O) | 75.32 |
| High (H) | 75.7 |
| Low (L) | 68.16 |
| Close (C) | 69.19 |
| Volume (C) | 50,820.30 |
- Open (O): The opening price for today’s trading session was approximately 75.32 USDT.
- High (H): Illuvium reached a daily high of around 75.7 USDT.
- Low (L): The daily low for ILV-USDT was approximately 68.16 USDT.
- Close (C): At the time of analysis, Illuvium is trading near its daily close of 69.19 USDT.
| Metric | Value |
|---|---|
| 1D Change (%) | -8.16% |
| 3D Change (%) | -13.38% |
| 7D Change (%) | -12.95% |
| 30D Change (%) | -14.68% |
| 90D Change (%) | -46.72% |
| YTD Change (%) | -23.52% |
Over the past three days, ILVUSDT has declined by approximately -13.38%, showcasing increased market volatility. Throughout the last week, it continued to drop, with a loss of around -12.95%, indicating investor interest. The 30-day analysis reveals a more comprehensive perspective, with ILVUSDT maintaining a downward trend of approximately -14.68%, despite intermittent fluctuations. Examining the last 90 days, ILVUSDT has witnessed substantial fall of approximately -46.72%, reflecting strong long-term confidence. Year-to-date, ILVUSDT has steadily dropped by around -23.52%, 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-USDT 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 0.70207.
- Momentum score is -0.22162.
ILV USDT Technical Analysis
Illuvium Trading Volume:
The trading volume for Illuvium (ILV) over the past 24 hours has been significant, with approximately 50,820.30 USDT 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-USDT is currently in the low zone, around 39.16043. This suggests that Illuvium is in bearish territory.
Analysis from TradingView:
Our Key Takeaways:
Illuvium (ILV-USDT) is currently exhibiting signs of short-term bearish momentum, with key support and resistance levels in focus. Traders and investors should closely monitor the USDT monthly resistance level and the USDT support level for potential trading opportunities. Additionally, the low RSI and significant trading volume are low signals for potential downward movement.
Navigate Illuvium’s (ILVUSDT) potential downturns at 69.19 USDT with bearish technical analysis, emphasizing weakened support and cautionary indicators.
Don’t overlook our detailed insights on ILV BTC Illuvium Technical Analysis if you found this post captivating; it’s a must-read for further exploration.
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.