ALLO is currently hovering around $0.148. Short-term moving averages? It has surpassed them—7-day moving average at 0.141, 25-day moving average at 0.143, both of which are being stepped on. However, the 99-day moving average at 0.154 is still pressing down from above, so the short-term is a bit interesting, and for the medium term, we'll have to see.

Recently rebounded from the low point of 0.1282, reclaiming both the short-term and medium-term moving averages. Can it hold? If it can hold, there is hope. The current tough resistance is in the range of 0.153 to 0.160—where the 99-day moving average and previous highs are clustered. If it can cleanly break through 0.165 or even 0.17? Then there will be room for imagination.

Looking down, there is the 25-day moving average supporting around 0.14 USD, which serves as a buffer zone. If it breaks further, it will return to the previous low of 0.128. As for the trading volume, it did indeed increase during the rebound, but then it shrank again afterwards.

What do you think? As long as the price stays above the 7-day and 25-day moving averages, the short-term bias is bullish. However, to say that it has completely reversed, we need to wait for it to break below the 99-day moving average. Right now, it can at most be considered a neutral and cautious state.