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📊Technical Analysis (1 hour) $ALLO USDT

$ALLO - Price: 0.2164 USDT (+41.16% per day). High trading volume (49 million) indicates strong interest. Uptrend: price broke the upper Bollinger Band (0.2043), signaling overbought, but with the potential for continued growth.

Key indicators:

‱ Bollinger Bands (20.2): Price above the upper band (0.2043), average 0.1771 — bullish breakout.

‱ MACD: 0.0034 (positive, line above the signal) — momentum in favor of buyers.

‱ RSI (6/12/24): 88/81/72 — strongly overbought (>70), risk of correction.

‱ Volume: Above MA5/MA10, with green bar — confirmation of bullish pressure.

Overall sentiment: Bullish, but with signs of overheating. Expected to continue growth to 0.2215–0.2250 if volume holds. Risk: correction to 0.1771 (average BB) due to high RSI.

ALLOBSC
ALLOUSDT
0.1711
-3.27%

Signals:

🟱Buy: Strong — on a breakdown of 0.2215 with a stop loss at 0.2040. Target: 0.2300 (short-term).

🔮Sell: Weak (for profit-taking) — at 0.2180–0.2200 if RSI >90. Stop loss: 0.2100.

⚠Recommendation: Monitor volume and MACD for confirmation.