$ALLO
$ALLO/USDT – 15m Recovery Following Shakeout
Cost: $0.0593 | 24-Hour Peak: $0.0618
$ALLO is demonstrating a robust V-shaped rebound following a brief shakeout. The token rebounded from the 99-period moving average (~0.0579) and has regained the MA7 and MA25 on the 15-minute chart. The increase in volume during the reclaim shows engaged buyers, indicating that momentum is gathering for a move towards the upper range.
Trade Configuration:
Entry: 0.0586 – 0.0594
Sell for profit at 0.0608 / 0.0618.
Stop Loss: 0.0576
Maintaining a level above 0.0585 preserves bullish momentum. A move past 0.0605 might speed up increases toward the latest peaks.
Token Metrics:
Market Capitalization: ~$12 million (approximately)
Circulating Supply: Approximately 200.5 million ALLO
Overall Supply: ~785 Million ALLO | Maximum Supply: 1 Billion ALLO
24H Volume: In the millions of USD
$ALLO serves as the native token for the Allora Network, a decentralized protocol powered by AI that emphasizes collaborative intelligence and community benefits. The short-term price movements, along with robust liquidity and defined technical levels, render it appealing for traders seeking high-confidence short-term opportunities.
The 15-minute chart shows a typical reclaim and retest pattern, with buyers protecting crucial support. With volume validating movement and technical indicators offering a clear strategy, $ALLO offers a well-organized chance for traders while ensuring risk management with established stop points.