Allo’s 1.68% 24h price rise aligns with sector momentum in RWA tokenization and bullish technical signals, though broader market headwinds persist.
- RWA sector growth fueled by regulatory clarity (GENIUS Act) and institutional adoption.
- Technical rebound after oversold conditions, with bullish MACD crossover.
- Exchange traction (Bitget, Gate.io listings) and user growth (50k+) boosting visibility.
Technical Context: Oversold Rebound
- MACD: Bullish crossover (histogram turned positive at +0.000098) after weeks of decline.
- RSI: 42.55 (14-day) exited oversold territory, signaling short-term momentum.
- Price reclaimed the 7-day SMA ($0.00356), with immediate resistance at the 38.2% Fibonacci level ($0.00476).
@ALLOxyz
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