$ALLO Downward Collapse: The price has reached an all-time low of $0.1288, representing a daily decrease of 4.66%, with the relative strength index (37) and the negative MACD confirming strong selling pressures.
Major Drop: The token is experiencing a significant decline in demand, with a net negative flow of over 236 thousand dollars in the past hour, indicating weak buying interest.
Positive developments: The recent integration with the TRON network and achievements in the ecosystem have yet to reverse the strong bearish trend in the market.
Prevailing fear: The Fear and Greed Index stands at 29 ("Fear"), and social interaction remains generally negative, with a focus on continued price declines.
Technical indicators $ALLO suggest a strong downward trend. ALLO dropped by 4.66% over the past 24 hours, recording a new all-time low. Bearish indicators such as the low Relative Strength Index (37) and negative MACD suggest that the downward trend may continue, with the price trading below the exponential moving averages (EMAs). Positive news versus market reality.
Integration with TRON: Allora Network is now operating on the TRON network, providing AI-backed predictions.
Ecosystem growth: The AllScale partnership project has settled bills worth $5 million. Despite these positive updates, the market trend remains bearish, with no impact on the price. 🔗
High-yield securitization opportunities in the past. A recent campaign on Binance Earn offered an attractive APR rate of 200% on the closed securitization of ALLO. Although this campaign has ended, it highlights the potential for high-yield opportunities to arise in the future on the platform. 🔗 Key levels to watch: The key support level is the all-time low of $0.1288. If the resistance level near $0.132 is broken, it may indicate the possibility of a short-term rebound.
