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    Home»Crypto News»Illuvium [ILV] crypto doubles after $11 bounce! Can bulls push previous $24 subsequent?
    Illuvium [ILV] crypto doubles after $11 bounce! Can bulls push previous $24 subsequent?
    Crypto News

    Illuvium [ILV] crypto doubles after $11 bounce! Can bulls push previous $24 subsequent?

    By Crypto EditorAugust 7, 2025No Comments2 Mins Read
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    Key Takeaways

    Illuvium [ILV] crypto jumps 88% after retesting $11 help, helped by its new $250K Professional League announcement. The $24 liquidation cluster may act as the subsequent value magnet.


    Illuvium [ILV] is again within the highlight as soon as once more. After briefly dipping right into a key demand zone close to $11, the token has surged by over 88% in simply three days, buying and selling round $22 at press time.

    The sharp transfer comes on the heels of a serious announcement — Illuvium Professional League 2025 — a brand new e-sports competitors that includes a $250,000 prize pool, introduced through a current tweet.

    The primary occasion is scheduled for December.

    The developments appeared to have rekindled optimism throughout the Illuvium neighborhood and sparked renewed buying and selling curiosity.

    Illuvium [ILV] crypto doubles after $11 bounce! Can bulls push previous $24 subsequent?

    Supply: TradingView

    On-chain and alternate exercise warmth up

    That momentum can be displaying up on-chain. Up to now 24 hours alone, ILV alternate inflows hit a weekly excessive of round 450K as value reached $20.5, in line with CryptoQuant’s Trade Influx knowledge.

    The numerous surge factors to a rising liquidity and elevated participation from each new and returning merchants.

    Supply: CryptoQuant

    Nonetheless, some troubling indicators emerged. At press time, the Spot Quantity Bubble Map confirmed overheating situations, typically an indication that short-term volatility is climbing.

    Whereas that might open the door to fast replacements, it additionally units the stage for larger value swings — particularly with sentiment skewing bullish.

    Supply: CryptoQuant

    ILV crypto: The important thing $24 liquidation zone

    For now, ILV crypto’s $24 value degree appears to be ticking all the appropriate bins.

    The value degree signifies a focus of quick positions, and a push into this zone may drive unwinding — doubtlessly fueling one other bullish run.

    ILV crypto liquidation heatmapILV crypto liquidation heatmap

    Supply: CoinGlass

    Whether or not that breakout materializes will depend upon how the market reacts to present momentum and whether or not bulls have the energy to push by resistance with out cooling off first.

    Up to now, the indicators are encouraging. The sturdy catalyst, rising on-chain alerts and an energetic Futures market all level to rising conviction. If ILV can clear the $24 cluster, the rally should still have room to run.

    Subsequent: Bitcoin – KEY indicator hints at closing pullback earlier than value restoration 



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