Home CryptocurrencyWhy the ILV price of Iluvium is rising here

Why the ILV price of Iluvium is rising here

by Hammad khalil
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The Illuvium token value increased to the thread conductive day, reading its highest point as the pro lease begins.

Summary

  • The Illuvium Price jumped after the release of Pro lease details by Devilopers.
  • The program will run from August 3, which will be the main event to end in December.
  • The technology indicates more reverse, the potential price target is at $ 41.

Ilvium (ILV) reached a high level of $ 23.65, up to 160% from its lowest level this year. The boom came up with $ 344 million with 3,200% spike in daily volume, above the market capitalization of $ 124 million.

ILUVIUM Pro League closes

The ILV price increased after the launch of the 2025 version of the Illuvium Pro lease by Devilopers. The league will consist of three tourans: IPL 250, IPL 500, and IPL 1000, with diverse merit paths for the main program.

A two-point system will be in the game: IPL points, earned from tournament, and RLP, accumulated through rank ladder. The season begins on 16 August and a world program ends in December.

The IPL 250 will have 32 players and a $ 2,000 prize. The IPL 500 will host 64 players and $ 5,000, which will be only one invited event with IPL 64 players. Additional “final calls” and “Last Chance” will provide the last opportunity to qualify the event.

The main event in December will include 64 players, with 32 total $ 250,000 awards from the pool.

ILV’s Rali was also fuel by on-chanting data showing increasing accumulation by smart money investors. For Nansen, these investors now hold more than 91,000 sick tokens, a significant increase from a month in advance. Meanwhile, the ILV supplement on exchanges has come down from 2.81 million to 2.74 million.

Meanwhile, the Komal of ILV tokens in exchanges has been dropped from high to 2.74 million of the last month of 2.81 million.

ILV price increased after creating a double-bottom pattern

ILV price
Illuvium Price Chart | Source: Crypto.news

The daily chart suggests that the ILV price fell at a low of $ 9.7, where it formed a double-bottom pattern, with a neckline at $ 18, its highest point on 10 May.

Tokens have synt upwards from its 50-day moving average and in a briefly crossing 23.6% Fibonacci Retress Level. The beginning of the tournament continues the most like the landscape, followed by a possible pullback.

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