$ALLO extended its rally with a strong breakout, supported by rising volume and positive sentiment. Market tone remains bullish as traders focus on continuation patterns.
Technically, EMA7/25/99 alignment confirms a solid uptrend, while MACD stays positive. However, RSI across multiple timeframes is in overbought territory, and price is pressing the upper Bollinger Bandsigns of short term exhaustion. Immediate support sits near the prior consolidation range, with resistance around recent highs.
On the ecosystem side, growing social traction and progress in verifiable on-chain AI inference strengthen interest. Still, recent net outflows hint at potential near-term volatility.
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