- The market cap rank of the ILV crypto, as per Coingecko, is 78th.
- In the last 24 hours, the Illuvium crypto has lost its value by 9.5%.
Illuvium is a decentralized gaming metaverse on Ethereum, featuring NFTs and cross-game assets. It was co-founded by the Warwick brothers, who wanted to create an AAA gaming experience on the blockchain. $ILV is a governance and utility token, with various roles in Illuvium’s ecosystem.
Illuvium crypto is witnessing a decline in its derivative volume, and a similar decline can also be observed with the Open Interest. The derivative volume of the crypto has declined by 30.16% in the last 24 hours, resulting in $87.80 Million. It is currently trading with 47.75% of its total supply, resulting in a circulating supply of 3.767 Million ILV. Illuvium has a total supply of 7.889 Million ILV coins.
The spot volume for the Illuvium crypto has declined by 12.69% and the current fully diluted market cap of the crypto is $840.843 Million. The current market cap dominance of ILV crypto is 0.045%.
ILV Token Overview
The ILV token transfer amount has reduced from the high of 852K to 314K. This has resulted in a transfer count of 1654. The token transaction frequency for the crypto seems constant when compared to the average transactions.
ILV Technical Analysis
The ILV crypto price is witnessing resistance at higher levels. The crypto price increased by more than 200% from the swing lows and is facing resistance at the highs. If the price further breaks below the level of $89.00, it will result in an evening star pattern.
ILV/USD Live Chart by TradingView
The Illuvium crypto price is forming a higher high swing pattern on the daily charts, breaking above the last swing high. This behavior of the crypto price reveals that the buyers are ruling over the market.
The price of the ILV crypto is above the 20, 50 and 200-day EMAs. Additionally, the 50-day and the 200-day EMAs are forming a golden cross.
The MACD and the signal line are also above the zero level. The indicator is forming bullish blocks on the charts which indicates that the crypto is gaining momentum.
Conclusion
Illuvium is a crypto that has increased by more than 200% from its lows and is making higher highs on the daily chart. It is trading above the EMAs and the MACD is positive. It has a low supply and a high market cap dominance. Thus, the price might continue to rise to higher levels in the upcoming days.
Technical Levels
- Support levels- $89.00 and $102.00
- Resistance levels- $115.00 and $135.00
Disclaimer
The views and opinions stated by the author or any other person named in this article, are for informational purposes only and do not constitute financial, investment, or other advice. Investing in or trading crypto or stocks comes with a risk of financial loss.