Illuvium (ILV) surge 37% from 2022 lows, Targets on $730
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Past Performance
The ILV price is edging higher when writing, stable on the last trading day but adding 12 percent in the previous week of trading versus the USDT. Technically, the ILV price is within a bullish breakout pattern as per the formation in the daily chart, pointing to strength.
Illuvium Technical Analysis
The path of least resistance is northwards, as aforementioned. However, after a welcomed expansion, there are hints of weakness. Still, aggressive Illuvium traders might find entries on dips above $600—flashing with March 2022 highs in a bullish breakout pattern. In that case, the immediate buy target stands at February 2022 highs of around $730, supported by the present high volatility—the upper and middle BB are diverging—and improving sentiment, explaining why most traders are upbeat.
What to Expect from ILV?
As per the ILVUSDT candlestick arrangement in the daily chart, traders are in the driving seat. Nonetheless, after a 37 percent expansion from 2022 lows, there are hints of exhaustion. Even so, provided prices are above $600, ILV buyers have the upper hand.