Dear Followers,💞 let’s take a clear look at ALLO’s current position…
The chart has finally slowed down after a heavy decline, and price is now stabilizing around the 0.30 region. What stands out is the strong reaction from the 0.2716 low, where buyers stepped in immediately and prevented any deeper breakdown. This type of response often signals that a temporary bottom has been set.
ALLO is now forming its first base after the drop, and the candles are showing controlled movement rather than panic-driven selling. This shift in behavior usually appears when selling pressure weakens and early accumulation quietly begins. If the market continues to respect this support, ALLO can easily attempt a recovery toward the 0.50–0.52 zone in its next upward move.
In simple terms:
ALLO is stabilizing at the bottom, momentum is slowly turning positive, and a strong bounce can develop if this support continues to hold.
