🚨 $ALLO plummeting trend analysis | Bottom-fishing or escaping?
📉 Technical aspect:
· Strong support: 0.55-0.60 USD (multiple tests after the plunge, breaking will trigger abyss mode)
· Resistance level: 0.85-0.90 USD (heavy stop-loss concentration, rebound to this point requires significant turnover)
· Current situation: Daily level oversold rebound, but insufficient volume, moving averages clearly in a bearish arrangement
📢 News aspect:
· Airdrop shrinkage + paid unlock scandal continues to ferment, community trust collapse
· Whale addresses continue to reduce holdings, on-chain data shows selling pressure is not fully digested
· High FDV (1.7 billion USD) remains a hard injury, valuation repair journey is long
💡 Summary:
The tragedy of $ALLO confirms that "high FDV + weak circulation + community backlash" = plummet package!
Short-term rebound is merely a technical repair, lacking fundamental support.
Beware of "bear market traps", bottom-fishing must come with stop-loss, don't catch flying knives!
Resonance point:
Once the team hurts the community's feelings, it’s harder to turn the coin price around than ascending to the sky —
"Trust" is the most valuable asset in a bull market!
Interaction:
Do you think $ALLO can return to above 1 USD?
Let’s see in the comments! 👇
