Illuvium [ILV] crypto doubles after $11 bounce! Can bulls push past $24 next?
![Illuvium [ILV] crypto nearly doubles after $11 bounce! Can bulls push past $24 next?](https://engamb.b-cdn.net/wp-content/uploads/2025/08/Kelvin-_78_-1024x576.webp)
Key Takeaways
Illuvium [ILV] crypto jumps 88% after retesting $11 support, helped by its new $250K Pro League announcement. The $24 liquidation cluster could act as the next price magnet.
Illuvium [ILV] is back in the spotlight once again. After briefly dipping into a key demand zone near $11, the token has surged by over 88% in just three days, trading around $22 at press time.
The sharp move comes on the heels of a major announcement — Illuvium Pro League 2025 — a new e-sports competition featuring a $250,000 prize pool, announced via a recent tweet.
The main event is scheduled for December.
The developments seemed to have rekindled optimism across the Illuvium community and sparked renewed trading interest.
Source: TradingView
On-chain and exchange activity heat up
That momentum is also showing up on-chain. In the past 24 hours alone, ILV exchange inflows hit a weekly high of around 450K as price reached $20.5, according to CryptoQuant’s Exchange Inflow data.
The significant surge points to a rising liquidity and increased participation from both new and returning traders.
Source: CryptoQuant
However, some troubling signs emerged. At press time, the Spot Volume Bubble Map showed overheating conditions, often a sign that short-term volatility is climbing.
While that could open the door to quick replacements, it also sets the stage for bigger price swings — especially with sentiment skewing bullish.
Source: CryptoQuant
ILV crypto: The key $24 liquidation zone
For now, ILV crypto’s $24 price level seems to be ticking all the right boxes.
The price level indicates a concentration of short positions, and a push into this zone could force unwinding — potentially fueling another bullish run.
Source: CoinGlass
Whether that breakout materializes will depend on how the market reacts to current momentum and whether bulls have the strength to push through resistance without cooling off first.
So far, the signs are encouraging. The strong catalyst, rising on-chain signals and an active Futures market all point to growing conviction. If ILV can clear the $24 cluster, the rally may still have room to run.
