- The derivative trading volume of the ILV crypto is witnessing a decline.
- The trading price of Illuvium crypto has advanced by 48.9% in the last 14 days.
![ILV is Struggling at All-time High Swing Level, What To Expect?](https://themarketperiodical.com/wp-content/uploads/2023/11/image-400.png)
Illuvium (ILV) is a decentralized RPG and collection game series on the Ethereum blockchain, co-founded by Kieran, Aaron, and Grant Warwick. $ILV, its governance token, empowers holders to influence project decisions, participate in DAO governance, and engage in various aspects like Yield Farming and the Illuvinati Main Council.
With the decrease in the crypto trading price, the market cap of the ILV crypto has declined by 4.54% resulting in $364.609M. When writing, the traded volume of the crypto in the last 24 hours, is $58.215M. It resulted in a volume/market cap ratio of 17.51%.
The circulating supply of the ILV crypto is 3.767M ILV and the total supply of the crypto is 7.889M ILV. Its fully diluted market cap is $763.498M.
The derivatives trading volume for the ILV crypto has declined by 47.64%, resulting in $71.01M. Following this the open interest has declined by 26.50% and the long/short ratio of the crypto is 0.9604. The long liquidation for the crypto is higher resulting in $239.74K
Perks Comparison for ILV Crypto Chart
![](https://themarketperiodical.com/wp-content/uploads/2023/11/image-402.png)
The market cap of the ILV coin is advancing. Following that, the token liquidity has also advanced over time. Further, the volume of the token has also witnessed a huge spike compared to the last few days’ data provided by DefiLlama. The staked value of the ILV token is also reported at $223.43M, which is 38.41% of the market cap.
ILV Crypto Technical Analysis
![ILV is Struggling at All-time High Swing Level, What To Expect?](https://themarketperiodical.com/wp-content/uploads/2023/11/image-401-1024x464.png)
On the weekly chart of ILV crypto by Coinbase, the price is trading at the all-time high zones. The following zone is acting as a crucial supply zone. Thus, the crypto price might face a huge sell-off from the following levels and decline to lower levels.
Following the daily charts of the Illuvium crypto, it is currently forming higher-high levels and has hit a very crucial supply zone.
The crypto price is currently trading above the Bollinger band baseline, representing the dominance of buyers in the crypto price. The Bollinger band on the daily charts is also expanding, which represents that the price is gaining momentum.
The MACD line and the signal line are trading above the 0 level, which shows bullishness. Despite this both the line are overlapping each other. This behavior shows that based on the most recent price behavior price is facing volatility.
ILV/USD Chart by TradingView
Conclusion
The ILV crypto’s $364.609M market cap drop yields a 17.51% volume/market cap ratio. Derivatives see a 47.64% volume dip, 26.50% open interest decline, and 0.9604 long/short ratio. Despite the token liquidity surge, technical analysis indicates price uncertainty with potential sell-off at all-time high zones.
Technical Levels
- Support levels- $38.60 and $63.40
- Resistance levels- $120.00 and $135.00
Disclaimer
The information provided in this article, including the views and opinions expressed by the author or any individuals mentioned, is intended for informational purposes only. It is important to note that the article does not provide financial or investment advice. Investing or trading in cryptocurrency assets carries inherent risks and can result in financial loss.