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Illuvium Price Soars 70% in a Single Day, Hits Six‑Month High at ~$23.61
🔶On August 5, 2025 — Illuvium (ILV) was able to pull off a high‑octane power move that absolutely shook the GameFi Scene, skyrocketing from around $13.51 to $23.61 in less than 24 hours. The $10+ surge—driven by a mix of tournament hype, technical breakout momentum, and dwindling sell‑side liquidity—has set the GameFi sector abuzz as traders scramble to assess whether the rally has more fuel left in the tank.
🔑 Key Factors Behind Illuvium’s Price Surge:
🎮 Leviathan Tournament hype reignited GameFi buzz
📈 Broke out of months‑long falling channel, flipping resistance to support
💼 Exchange outflows cut sell‑side liquidity
🔄 Capital rotation into gaming tokens
🚀 FOMO buying fueled by high momentum indicators
🔷 Can it sustain this kind of momentum?
⚠️Overbought signals (RSI/MFI near extremes) hint at pullback risk
🛡 Needs to hold key support at ~$19–$20 to stay bullish
🔄 GameFi sector rotation could keep inflows coming
📉 Event hype may fade without fresh catalysts
📆 Likely short‑term cooldown before another push
#EyesOnILV
#ALTSZNinTheAir
#KeepMovingForward