Illuvium is Predicted to Drop to $ 79.07 By Nov 28, 2023

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Illuvium is Predicted to Drop to $ 79.07 By Nov 28, 2023

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Illuvium is up 5.86% today against the US DollarILV/BTC increased by 3.92% todayILV/ETH increased by 4.53% todayIlluvium is currently trading 31.62% above our prediction on Nov 28, 2023Illuvium gained 122.00% in the last month and is up 156.00% since 1 year agoIlluvium price$ 104.07Illuvium prediction $ 79.07 (-23.16%)Sentiment BullishFear & Greed index 66 (Greed)Key support levels$ 93.73, $ 83.64, $ 77.23Key resistance levels$ 110.22, $ 116.64, $ 126.72

ILV price is expected to drop by -23.16% in the next 5 days according to our Illuvium price prediction

Illuvium price today is trading at $ 104.07 after gaining 5.86% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 6.16% in the same time period. ILV performed well against BTC today and recorded a 3.92% gain against the world’s largest cryptocurrency.

According to our Illuvium price prediction, ILV is expected to reach a price of $ 79.07 by Nov 28, 2023. This would represent a -23.16% price decrease for ILV in the next 5 days.

ILV Price Prediction Chart

Buy/Sell Illuvium

What has been going on with Illuvium in the last 30 days

Illuvium has been displaying a positive trend recently, as the coin gained 122.00% in the last 30-days. The medium-term trend for Illuvium has been bullish, with ILV increasing by 144.00% in the last 3 months. The long-term picture for Illuvium has been positive, as ILV is currently displaying a 156.00% 1-year price change. On this day last year, ILV was trading at $ 40.65.

Illuvium reached its all-time high price on Nov 30, 2021, when the price of ILV peaked at $ 1,912.82. The current ILV cycle high is $ 110.65, while the cycle low is at $ 37.82. ILV has been displaying high volatility recently – the 1-month volatility of the coin is at 28.60. Illuvium recorded 20 green days in the last 30 days.

Illuvium technical analysis for today - Nov 23, 2023

The sentiment in the Illuvium markets is currently Bullish, and the Fear & Greed index is reading Greed. The most important support levels to watch are $ 93.73, $ 83.64 and $ 77.23, while $ 110.22, $ 116.64 and $ 126.72 are the key resistance levels.

Bullish sentiment for Illuvium

23 indicators are currently signaling a bullish prediction for Illuvium, while 6 indicators are showing a bearish forecast. With 79% of indicators favoring a positive prediction. This results in an overall Bullish sentiment for Illuvium.

Crypto market is currently experiencing Greed

Currently, the Fear & Greed index is at 66 (Greed), which signals that investors have a positive outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Illuvium moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Illuvium is positioned in the market right now.

PeriodDaily SimpleDaily ExponentialWeekly SimpleWeekly ExponentialMA3$ 99.45 (BUY)$ 103.81 (BUY)--MA5$ 96.67 (BUY)$ 99.03 (BUY)--MA10$ 91.67 (BUY)$ 94.16 (BUY)--MA21$ 82.30 (BUY)$ 84.50 (BUY)$ 49.52 (BUY)$ 57.51 (BUY)MA50$ 59.43 (BUY)$ 67.87 (BUY)$ 54.11 (BUY)$ 77.38 (BUY)MA100$ 50.60 (BUY)$ 57.55 (BUY)$ 185.40 (SELL)$ 154.02 (SELL)MA200$ 48.18 (BUY)$ 55.82 (BUY)--PeriodValueActionRSI (14)67.36NEUTRALStoch RSI (14)0.00BUYStochastic Fast (14)57.08NEUTRALCommodity Channel Index (20)66.67NEUTRALAverage Directional Index (14)70.07SELLAwesome Oscillator (5, 34)26.01NEUTRALMomentum (10)-2.39SELLMACD (12, 26)0.12NEUTRALWilliams Percent Range (14)-42.92NEUTRALUltimate Oscillator (7, 14, 28)51.44NEUTRALVWMA (10)91.37SELLHull Moving Average (9)98.08SELLIchimoku Cloud B/L (9, 26, 52, 26)78.95NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Illuvium is at 67.36, suggesting that ILV is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Illuvium over the last 50 days. Currently, Illuvium is trading below the SMA 50 trendline, which is a bearish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the ILV closing price for the last 200 days. ILV is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Illuvium prediction

After considering the above factors, we can conclude that the current forecast for Illuvium price prediction is Bullish. ILV would have to decrease by -23.16% to hit our $ 79.07 target within the next five days. Moving forward, it will be important to monitor the ILV market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Illuvium price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

 
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