$ALLO 🔥
😭 — Staking is now active. Yesterday, Cobot launched. Today, price stalled at the May high.🐻 Drew This Red Line Yesterday. Is the Dump Starting?
Allora Network dropped Cobot, its first consumer AI trading tool, on May 28. Shortly after, staking went live on the mainnet — allowing users to lock $ALLO for yield, validating the network in exchange for rewards. Major backers include Polychain Capital, Blockchain Capital and Framework Ventures. Despite strong fundamentals, price is now cooling around $0.25808, rejecting the recent high at $0.3491. RSI at 82 on the daily signals overbought conditions. Open interest dropped more than 31% today as leveraged players exited. I'm watching the range, waiting for a clean break.
Key Levels (4H) — $ALLO
· Resistance: 0.3491 (May high, rejection zone)
· Support: 0.1271 (post‑Cobot low)
LONG plan (only on confirmation)
4H close above 0.3491 + retest hold
Entry: 0.3491 → 0.3625
TP: 0.3800 / 0.4200 / 0.4800
Invalidation: close back below 0.3491
SHORT plan (only on confirmation)
4H close below 0.1271 + retest fail
Entry: 0.1271 → 0.1200
TP: 0.1050 / 0.0893 / 0.0817
Invalidation: close back above 0.1271
Rule: no trade in the middle. Wait for the break.
0.3491 break = LONG / 0.1271 break = SHORT — comment L or S + your invalidation.
Total supply: 785,499,999 ALLO
Max supply: 1,000,000,000 ALLO
Rank: #714 on CoinMarketCap.
