The price of Illuvium$ILV may face a decline

The Relative Strength Index (RSI) for ILV exceeds 70, indicating that the token is overbought. This could herald an imminent price reversal. Historically, when the RSI reaches this level, the price experiences short-term pullbacks.

When the hype around Illuvium Pro League subsides, the overbought condition may intensify selling pressure. An elevated RSI signals a potential correction, especially given the rapid price rise. This may prompt investors to take profits, causing a short-term decline.

The Age Consumed metric, which tracks the behavior of long-term holders (LTH), has recently surged sharply. This has been the largest increase in the past three months. The rise in the indicator suggests that LTH are selling their assets, taking advantage of the price increase. Given the significant influence of LTH on the price, their sales may put pressure on the altcoin.$ERA $C