$ALLO is trading at approximately $0.42, a decrease of over 73% in the last 24 hours, contrary to the initial query of a surge. According to technical analysis the token exhibits strong negative momentum and high volatility post-listing, with key support forming around the $0.42-$0.52 range. Reason why the price drop was primarily driven by immediate selling pressure from airdrop recipients following listings on major exchanges like Binance.
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