$ALLO Current price around 0.015, the direction is very clear to short immediately.
The market is fleeing in fear, and big funds are voting with their feet.
First, the data does not lie. This coin has plummeted over 87% within 30 days after reaching an all-time high. The current fear and greed index of the market is 15, in the extreme fear range. This is not an adjustment; it is a collapse of confidence.
Second, smart money is withdrawing. On-chain data shows that exchanges are continuously experiencing net outflows, while the open interest in futures contracts is also significantly decreasing. This indicates that the main funds are exiting, unwilling to hold positions, and there is enormous short pressure.
Two target levels to keep in mind:
First target: 0.010
Second target: 0.006
