$ALLO (4H) is deep in a downtrend, but sellers are slowing near support
Price: 0.1090 USDT (-1.00%)
24h High / Low: 0.1119 / 0.1012
24h Volume: 32.27M $ALLO (≈ 3.43M USDT)
Short summary: After the sharp rejection from the 0.2200 spike, ALLO has been grinding lower with very weak demand. Price is now sitting just above a key support zone where selling pressure is starting to cool.
What’s driving the move
The move up to 0.2200 was fully rejected, turning into heavy distribution
Continuous lower highs and lower lows confirm strong seller control
Volume remains active, but price can’t lift, showing buyers are cautious
Trend and bias
Trend: Bearish on 4H
Bias: Bearish until structure changes and resistance is reclaimed
Key levels
Support: 0.1012 then 0.0952
Resistance: 0.1214 first
Higher resistance zones: 0.1475 then 0.1737
Trade idea (If/Then)
If $ALLO holds above 0.1012 and breaks back over 0.1214 with better volume, then a relief move toward 0.1475 can develop
If price loses 0.1012, then the downtrend likely continues toward 0.0952
Right now this looks like a market resting at the floor, but it still needs real buying strength before calling anything more than a bounce.
