Post
$ALLO
Overview: ALLO is in a short-term downtrend. The current price is 0.08629 USDT (-2.15%), breaking the nearest support area and touching the 24-hour low of 0.08575.
Price dynamics:
• The price is below all MA lines (MA5: 0.08724, MA10: 0.08752, MA20: 0.08776, MA30: 0.08869). This is a clear bearish signal.
• The short-term MA is sloping down, indicating strong negative momentum.
• The latest hour candle is a strong red candle, closing near the lowest level of the session, showing overwhelming selling power.
Important level:
• Support: 0.08575 (low 24h). The break will be 0.0840-0.0830.
• Resistance: 0.0875 - 0.0880 (MA5-MA10 area).
Conclusion: Short-term bias decreases. It is recommended to wait for the pullback to 0.0875-0.0880 to sell or observe more if the buying volume increases sharply. High risk, only trade when there is a clear confirmation.

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