• • The price of ILV rose by 70% to $21.53, breaking through key resistance levels at $14.95 and $16.29.

  • • Currently trading above the short-term (50-day) SMA at $12.39, with the Relative Strength Index (RSI) at 62.41 indicating upward momentum.

  • • The Fear and Greed Index is at 60, reflecting positivity in market sentiment despite overbought conditions.

  • • Confirmation of the strong bullish trend through the expansion of Bollinger Bands and increased trading volume.

Market drivers

  • • The leading position in the play-to-earn NFT gaming sector encourages investor interest.

  • • Technical patterns including the "bullish engulfing" and "ascending wedge formation" trigger automated buying.

  • • The current price significantly exceeded analysts' expectations, which were between $12 to $16 by the end of 2025.

  • • Strong volume indicators confirm the validity of the rise despite technical readings indicating overbought conditions.

Trading strategy

  • • Monitoring the continuity of trading above the $16.29 level, with potential resistance forming near $20.

  • • Using the 50-day SMA ($12.39) as a vital support level and an entry opportunity on pullbacks.

  • • Following the peak of the "ascending wedge" pattern: a breakout above $21.53 could accelerate the rise.

  • • Strategically taking profits due to overbought conditions in the Relative Strength Index, while maintaining exposure to ongoing momentum.

  • • Combining optimism and caution in dealing with the market, as a temporary correction may occur before continuing increases.

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