📉 $ALLO USDT Key Levels
The current price is at $0.2846, having dropped over 38% in the last 24 hours. The RSI(6) is extremely low at 2.8382, indicating the asset is heavily Oversold on this timeframe, which could signal a short-term bounce is imminent, but it does not negate the strong bearish trend.
🛡️ Support Levels (Areas to watch for a bounce)
Given the sharp drop, the immediate supports are historical lows, which represent the initial public offering price or the absolute lowest price recorded so far.
Immediate Support: $0.2716 (This is the 24-hour Low, which is holding the price currently). Strong Support (All-Time Low): $0.2200 (This is the bottom wick of the first 4-hour candle visible on your chart, the absolute lowest point of the initial listing. This will be the must-hold level.) Lower Support: Due to the asset's newness, there are no lower historical levels. A move below $0.2200 would push ALLO into true price discovery in a bearish direction. 🧱 Resistance Levels (Areas where selling pressure is strong)
The resistance levels are the prior swing highs, as former support levels have now been broken and turned into resistance.
Immediate Resistance: $0.3507 (The high of the last significant 4-hour candle that confirmed the breakdown, now acting as overhead supply). Local Resistance: $0.4885 (The 24-hour High. A break above this would indicate a major short-term reversal). Major Resistance (All-Time High): $0.9887 (The initial listing spike high. It would take massive buying volume to reach this level again).
In Summary: ALLO/USDT is in an extreme downtrend. The most critical level to watch is the $0.2200 support, as a loss of that level would indicate the sell-off is not yet over. A decisive push above $0.3507 would be the first sign of a potential short-term bullish recovery.
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