$ALLO /USDT Market Analysis Report (Binance)
ALLO/USDT is currently trading at 0.1094 USDT, showing a -6.66% decline in the last 24 hours. This move reflects short-term selling pressure after a recent upward attempt. The price is now close to the daily low of 0.1080, which is acting as an important short-term support zone. Buyers are watching this level closely because a strong hold here can help price stabilize.
During the last 24 hours, ALLO reached a high of 0.1228, showing that bullish interest was present earlier. However, sellers entered near the upper levels and pushed the price lower. This indicates that 0.1203 โ 0.1236 is a strong resistance zone where profit-taking is happening. For a clear bullish continuation, ALLO must break and hold above this area with strong volume.
๐ Volume Overview
The trading volume remains healthy. 24.29M ALLO tokens were traded, with a USDT volume of 2.80M. This level of activity shows that market participation is still strong, even during the pullback. High volume during a price drop usually suggests distribution, but it also creates chances for smart accumulation near support.
โฑ๏ธ Timeframe Structure
On lower timeframes (15m and 1h), the price is forming lower highs, showing short-term weakness. On the 4H and 1D charts, the trend is still neutral to mildly bullish as long as 0.1080 holds. A clean bounce from this level can trigger a recovery move.
๐ Key Price Levels
Support: 0.1080 โ 0.1105
Resistance: 0.1138 โ 0.1170 โ 0.1203 โ 0.1228
๐ Market Outlook
If ALLO holds above 0.1080, a slow recovery toward 0.1170 is possible. A breakdown below this support may push price toward deeper correction levels. Overall, the asset is in a healthy pullback phase after a recent rise, and patience is required.
โ ๏ธ Conclusion
ALLO/USDT remains active with strong volume and clear technical levels. The market is cooling, not collapsing. Traders should wait for confirmation before entering new positions.
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