$ALLO loses $0.37 and I’m calling it: this dump is not done yet 📉
Price is $0.3742 after a brutal -27.87% day, and the 4h chart is still bleeding -27.7%. RSI is sitting at 34, so it’s weak, but not dead. Volume at $27.25M is 3.3x the 20d average, which tells me people are active, not calm. Shorts are even paying -0.011% funding 😏
My line: if ALLO can’t reclaim $0.40 fast, we probably sweep lower before any real bounce. If it takes $0.40 and holds, I’m wrong. Simple.
Who else is watching this setup? 👀
#ALLO
#CryptoNews
#Web3
Price is $0.3742 after a brutal -27.87% day, and the 4h chart is still bleeding -27.7%. RSI is sitting at 34, so it’s weak, but not dead. Volume at $27.25M is 3.3x the 20d average, which tells me people are active, not calm. Shorts are even paying -0.011% funding 😏
My line: if ALLO can’t reclaim $0.40 fast, we probably sweep lower before any real bounce. If it takes $0.40 and holds, I’m wrong. Simple.
Who else is watching this setup? 👀
#ALLO
#CryptoNews
#Web3