🚀 $ALLO Defying the Market — Strength in a Weak Tape
While most of the market bleeds, $ALLO is climbing +7.58% to $0.0735 in the last 24 hours.
In a red market, outperformance is not random — it signals real demand stepping in.
📊 What’s Driving the Move?
🔥 Primary Catalyst:
24h trading volume surged nearly +60% to $55.56M.
Rising price + expanding volume = strong participation.
This is not a thin bounce — liquidity is backing the move.
⚡ Secondary Factor:
A technical relief rally after heavy selling.
$ALLO dropped nearly 40% over the last 60 days, pushing it into oversold territory.
Crowded shorts + oversold conditions often trigger sharp mean-reversion moves.
📈 Structure Update:
• Price attempting to reclaim $0.07 support
• Momentum improving
• Trend structure still not fully repaired
➡️ Currently looks like a counter-trend bounce until continuation confirms
🎯 Key Levels to Watch:
🛡 Support: $0.07 (critical pivot)
⚔️ Resistance: $0.08 (next supply zone)
📌 Scenario Outlook:
• Hold above $0.07 with volume → push toward $0.08 becomes likely
• Lose $0.07 → bounce invalidated, downside continuation risk
This is a momentum-driven recovery attempt.
Continuation depends entirely on whether buyers can maintain pressure above reclaimed support.
#ALLO #AltcoinSeason #CryptoNews #Write2Earn #TradingSignals
Follow HUSSAIN 侯赛因 for more latest updates .
