- As per the Illuvium price prediction, the price of the ILV coin is trading at $45.788 and the ILV coin price increased by 2.41% in the last 24 hours.
- The market capitalization of the ILV coin is $254735766.
- For the ILV price, the 52-week price bound range is $29.23 – $1911.26.
Illuvium price prediction highlights that the ILV coin is trying to sustain itself at the current level of $45.788 to retest the hurdles above. This month the ILV coin price trend was bearish as the price was down by 8.06%. The ILV coin price underperformed this month. The ILV coin price has seen an increment in its price by 19.48% in the last six months which highlights its good performance. Moreover, the ILV coin price year-to-date return is positive with an increase of 19.48%.
Illuvium Price Prediction Analysis in 1-D Time Frame
On the day of publishing, the ILV price is trying to sustain itself at the current level on the 1D chart. The ILV price is trading below the 20, 50, 100 & 200-day EMA (exponential moving average), which is acting as a hurdle, and trading near the 20 EMA if volume comes it’ll act as a support and push the ILV price trend upwards. There is a possibility that the ILV coin will increase further in the forthcoming week if the bulls push the price up.
The MACD indicator summarizes the upward momentum of the ILV price. The MACD line at -0.657059 and signal line at -0.746148 suggest that the MACD is giving bullish signals.
The current value of RSI is 48.70 points. The 14 SMA line is currently close to the median line at 45.98 points which indicates bullish sentiment in the market. As the price is heading toward overbought territory, the market is encountering bullish sentiment right now.
The technical parameters of the ILV price suggest the continuation of the uptrend over the daily time frame chart. The ILV coin price reflects an optimistic view at the moment. Major legitimate indicators MACD, RSI, and EMA flaunt positive signals about the ILV coin.
Volume Analysis
The trading volume of ILV coin is $3,447,651 in the last 24 hours, highlighting a 17.50% increase from the last day and indicating a recent rise in market activity.
Trendline Analysis
The price has respected its significant trendline forming a downward channel.
The price is at the upper trendline resistance. If the price breaks the resistance line, it will move in an upward direction to the next resistance. If the price gets rejected by the resistance, it will return to the current support.
Extraction
The Illuvium price prediction highlights that the ILV coin is trying to sustain itself at the current level of $45.788 to retest the hurdles above. The sentiments and perspectives of investors and traders regarding the ILV coin price are bullish in the 1D timeframe. The ILV price reflects an optimistic view at the moment. The technical parameters for the ILV price indicate bullish pressure.
Technical Levels: The nearest support level is $37.61.
- The nearest resistance level is $57.93.
Disclaimer
In this article, the views and opinions stated by the author, or any people named are for informational purposes only, and they don’t establish the investment, financial, or any other advice. Trading or investing in cryptocurrency assets comes with a risk of financial loss.
