$ALLO
#ALLOUSDT is trying to stabilize after that sharp drop from the recent highs. Price is now holding around the 0.28–0.29 zone, which is the first area that really matters here. The nearest support sits around 0.27–0.26, right near the rising trendline. If that fails, the next zones to watch are 0.24 and then 0.20. The structure looks like a recovery base for now, with price respecting an ascending support line and trying to build back up after the selloff. Traders should watch whether price can hold above support and reclaim 0.30–0.32 as a breakout area, because rejection there could still send it back into the 0.24 zone. On the upside, a clean break above 0.30–0.32 could open room toward 0.35 and possibly 0.40 if momentum starts to build again.
#ALLOUSDT is trying to stabilize after that sharp drop from the recent highs. Price is now holding around the 0.28–0.29 zone, which is the first area that really matters here. The nearest support sits around 0.27–0.26, right near the rising trendline. If that fails, the next zones to watch are 0.24 and then 0.20. The structure looks like a recovery base for now, with price respecting an ascending support line and trying to build back up after the selloff. Traders should watch whether price can hold above support and reclaim 0.30–0.32 as a breakout area, because rejection there could still send it back into the 0.24 zone. On the upside, a clean break above 0.30–0.32 could open room toward 0.35 and possibly 0.40 if momentum starts to build again.