ALLO/USDT Price Analysis: Bullish Momentum Builds Above Key Moving Averages

$ALLO /USDT is showing strong bullish momentum on the 1-hour timeframe, currently trading around $0.097 after gaining more than 16% in 24 hours. The price recently touched a high near $0.0972, with rising volume confirming buyer strength. The 7, 25, and 99 moving averages are aligned in a bullish structure, indicating a continuation trend.

Short-term support is forming around $0.093–$0.094, while resistance sits near the psychological $0.10 level. If volume remains strong, a breakout above $0.10 could trigger further upside momentum. However, traders should watch for pullbacks toward key MA levels for safer entries.

$ALLO remains one of the top short-term gainers on Binance.

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ALLOUSDT

Perp

0.08579

-3.10%