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Rises 72% after Massive Entries
• Illuvium (ILV) has risen 72% reaching $15.43, with a trading volume of $14.8M
• The market capitalization stands at $89.38M with a strong short-term momentum of 23.29%
• The price successfully rebounded from the critical support of $12.44, establishing an upward trajectory
• Currently aiming for resistance at $16, with technical strength suggesting a possible breakout
Growth Catalysts
• Increased demand for Ethereum-based gaming projects with real asset ownership
• Integration with an expanding NFT ecosystem that attracts collectors and investors
• A broader bullish market for cryptocurrencies provides favorable support
• No negative regulatory developments affecting the project's trajectory