$ALLO 0.197 dropped to 0.334, then broke through on increased volume, followed by a period of sideways consolidation to digest. In this kind of structure, there are relatively strong signs of large funds accumulating positions.
On-chain data makes the direction clear. Retail accounts can’t even gather three consecutive bullish positions. Whale accounts hold net long positions accounting for nearly sixty percent. The total value of long positions is more than double that of shorts, and the profit ratio exceeds 99%. Big money is absorbing while retail is distributing—following the big money is steadier.
The fundamentals are also cooperating. The mainnet went live last November, and the network has processed over 690 million inference requests. The data from the inference layer continues to accumulate. On Binance, the trading competition mechanism is also ongoing, continuously injecting liquidity into spot.
Earlier, the move from 0.55 down to 0.18 washed out the floating supply thoroughly. Now, if this pullback to around 0.31 holds steady on lower volume, it would be the second wave of building up power.
Enter long directly from 0.30 to 0.33. Set the stop-loss below 0.25. First target is 0.45; if it stands firm on volume, keep an eye on 0.60.
On-chain data makes the direction clear. Retail accounts can’t even gather three consecutive bullish positions. Whale accounts hold net long positions accounting for nearly sixty percent. The total value of long positions is more than double that of shorts, and the profit ratio exceeds 99%. Big money is absorbing while retail is distributing—following the big money is steadier.
The fundamentals are also cooperating. The mainnet went live last November, and the network has processed over 690 million inference requests. The data from the inference layer continues to accumulate. On Binance, the trading competition mechanism is also ongoing, continuously injecting liquidity into spot.
Earlier, the move from 0.55 down to 0.18 washed out the floating supply thoroughly. Now, if this pullback to around 0.31 holds steady on lower volume, it would be the second wave of building up power.
Enter long directly from 0.30 to 0.33. Set the stop-loss below 0.25. First target is 0.45; if it stands firm on volume, keep an eye on 0.60.
