ALLO/USDT Price Action Alert!

After hitting a 24H high of $0.8096, ALLO took a sharp dive — now consolidating around $0.4561 (-43.6%).

Pattern Watch:

A classic “Falling Knife” pattern is forming — steep decline followed by weak consolidation. No clear reversal signals yet.

Analysis:

Price dropped sharply with heavy sell volume.

Still hovering near support zone ($0.42–$0.45).

Buyers (57%) are trying to defend, but momentum remains bearish.

Next Move:

Wait for confirmation! If price breaks above $0.49 with volume — it could signal a short-term bounce.

Until then, it’s a SELL / SHORT zone for traders and HOLD OFF for buyers.

#Binance #CryptoTrading #ALLOUSDT #priceaction #TechnicalAnalysis $ALLO

ALLOUSDT

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