Price surged nearly 29% in 24 hours, exploding from a low of $0.30133 to a high of $0.56000. That's an incredible 86% intraday range, showing massive speculation and aggressive buying pressure.
However, there's something important traders shouldn't ignore. After hitting $0.56000, $ALLO faced heavy profit-taking and dropped back toward $0.41. The huge upper wick tells us sellers became very active near the highs, and many late buyers likely got trapped during the pullback.
Despite the correction, volume remains enormous at $701M+ USDT traded, confirming that this move attracted serious market attention rather than being a low-liquidity spike.
📊 Key levels to watch:
• Support: $0.40000 – $0.41188
• Resistance: $0.45000 – $0.50000
• Major resistance: $0.56000
The current structure shows strong bearish pressure after the parabolic rally. Until buyers reclaim the $0.45 zone, the market may continue cooling down from the recent euphoria.
Possible plan 👇
🔴 Short Zone: $0.43000 – $0.45000
🎯 Target 1: $0.40000
🎯 Target 2: $0.35000
🎯 Target 3: $0.30133
❌ Invalidation / Stop Loss: Above $0.56000
$ALLO still has massive volume behind it, but the rejection from $0.56000 is hard to ignore. As long as price remains below the $0.45–$0.50 resistance area, the short-term advantage stays with the bears.
No financial advice. Manage risk properly.
