$ALLO
The price of ALLOUSDT over the past 24 hours has experienced limited fluctuations, ranging between 0.1167 as the lowest point and 0.1281 as the highest point. This indicates that the price is moving within a narrow range and shows a state of hesitation or balance after a previous movement, reflecting a "consolidation" or "formation" phase in the market.
This limited price range suggests that there is a state of uncertainty between buyers and sellers, and such periods often precede strong upcoming movements, whether bullish (breakout upwards) or bearish (testing lower levels).
Monitoring trading volume at this stage is important, as any sudden increase in volume could be a signal of the beginning of a clear and clean movement in a certain direction. Currently, it can be said that ALLO is "forming" or "consolidating" in preparation for a potential price surge.
