📊 $ALLO
Current Price: $0.4368

24h High: $0.4841

24h Volume: Very strong, showing high trader interest.

Price is still trading above the MA60 (0.4255), which keeps the short-term trend bullish.

However, after hitting the $0.48 area,$ALLO faced profit-taking and is now pulling back.

Key Levels

🟢 Support: $0.425 – $0.430

🟢 Strong Support: $0.40

🔴 Resistance: $0.45 – $0.48

🔴 Major Resistance: $0.50

What the chart suggests

The recent drop looks more like a cooldown after a strong rally than a complete trend reversal.

If buyers defend the $0.425 support,$ALLO could attempt another move toward $0.48–$0.50.

If $0.425 breaks, a pullback toward $0.40 is possible before the next bounce.

Short Take 🟢 Trend: Bullish but correcting
⚠️ Risk: High volatility after a near 90% daily gain
🎯 Watch: $0.425 support and $0.48 resistance closely.

Recent market data also shows ALLO has seen unusually strong volume and large price swings, which often lead to sharp pullbacks and consolidation before the next major move.

My view: As long as ALLO stays above $0.425, bulls remain in control. A break above $0.48 would be a strong bullish signal.
#ALLO #ALLOAirdrop #USHouseHearingSevenCryptoTaxBills