ILV/USDT: Price action caught between resistance levels

Illuvium is stuck in consolidation mode right now. The price is trading below several key moving averages, which isn't exactly bullish, but here's the interesting part—RSI has dipped into oversold conditions. That's usually when smart money starts sniffing around for entry points.

The setup looks neutral to slightly weak for now. Without fresh buying pressure or a clear breakout catalyst, expect the sideways chop to continue. That said, oversold readings don't last forever. A bounce isn't off the table, but conviction matters. Watch if the price can reclaim those EMAs or if selling pressure resurfaces. The next move depends on whether buyers step in or if bears maintain control.