ALLO's recent trend has been quite turbulent, dropping 1.72% in the past 24 hours, but the story behind it is quite complex.

**Short-term interesting signals**

Shorts squeezed ALLO from its lows by 68%, indicating that buyers still have strength at key levels. The demand zone remains relatively stable, with lows rising, showing some upward momentum. On the technical side, the MACD histogram has recently turned positive, which usually suggests a potential shift in short-term momentum.

**But there are also many issues**

Although there was a rebound, the longer-term downtrend is still in place. The price often breaks below important moving averages, indicating real pressure. The 1.72% decline over 24 hours combined with a weak RSI suggests selling pressure persists. Recent hourly data shows that low-concentration fund outflows exceeded 100,000 USDT, and institutional buying support is clearly insufficient.

**What does the market think**

Community opinions are divided. Some analysts are bullish, believing buying pressure is strong; others are cautious about further declines. The short-term rebound and ongoing bearish pressure are currently in a tug-of-war.

In short, ALLO is at a critical stage of the battle—whether it can hold the demand zone and continue upward, or ultimately succumb to bearish pressure—its performance in the coming days will be very telling.