$ALLO Strong Recovery, But $0.3005 Is the Key Test
$ALLO has made a strong recovery from the $0.2617 area and is now consolidating around $0.2920 after reaching a high of $0.3084.
Momentum remains positive, but $0.3005–$0.3084 is the key resistance zone. A clean breakout above this area could trigger another move higher. If rejected, ALLO may pull back toward $0.2800–$0.2850 before attempting another breakout.
Key level: $0.3005–$0.3084 resistance
Bias: Bullish above $0.2800
$ALLO has made a strong recovery from the $0.2617 area and is now consolidating around $0.2920 after reaching a high of $0.3084.
Momentum remains positive, but $0.3005–$0.3084 is the key resistance zone. A clean breakout above this area could trigger another move higher. If rejected, ALLO may pull back toward $0.2800–$0.2850 before attempting another breakout.
Key level: $0.3005–$0.3084 resistance
Bias: Bullish above $0.2800