$ALLO /USDT Market Outlook and Technical Breakdown
#ALLO /USDT is trading around 0.0592, showing a strong intraday recovery with price holding above key short-term averages. The recent move followed a bounce from the 0.0547 area, which acted as a firm demand zone and aligned closely with the lower Bollinger Band. Since that rebound, price structure has shifted into a short-term higher-low pattern, suggesting improving market control by buyers.
On the 1-hour timeframe, Bollinger Bands are expanding, with the middle band near 0.0583 acting as dynamic support. Price is currently fluctuating between the mid and upper band, signaling moderate bullish momentum rather than an overextended rally. The upper resistance zone remains near 0.0603–0.0618, where previous rejection occurred and selling pressure may reappear.
RSI(6) is hovering around 59–60, indicating healthy momentum without entering overbought conditions. This leaves room for continuation if volume remains stable. Trading activity is relatively strong, with noticeable participation compared to recent sessions, which supports the validity of the rebound.
From a broader perspective,
@ALLOxyz is still under pressure on higher timeframes, reflected in its negative 7-day and 30-day performance. This means any upside should be treated as a recovery phase unless price can establish acceptance above the 0.0618 region. Failure to hold above 0.0580 could invite another retest of 0.0565–0.0547. Risk management remains essential as volatility is still elevated.
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