ALLO has recently experienced a fierce fall, with a big dump of 14.98% in a single day, sliding from a historical high of 0.8096 to around 0.2021, accumulating a fall of over 97%. Such a cliff-like drop is not uncommon among low market capitalization coins and is often accompanied by a retreat in early speculation and a concentrated withdrawal of funds.

From a technical perspective, several signals are worth noting:

Price has clearly broken down — it has plummeted straight down from a high point, with almost no effective support platform formed, indicating extremely weak buying power; trading volume has increased abnormally — the surge in trading volume during the crash phase reflects a concentrated outburst of panic selling; technical indicators have become ineffective — conventional moving average systems and oversold indicators have limited reference value in such extreme market conditions, making it difficult to predict the downside potential using traditional methods.

Such projects typically face several common issues:

The lack of substantial application scenarios and ecological support leads to price fluctuations entirely driven by emotions; after breaking through the key psychological level ( such as 0.20), there is a lack of obvious technical support below; retail investors who chased high prices earlier are deeply trapped, and panic emotions may trigger a chain of selling pressure.

In terms of market direction, in the short term, ( may continue to test the range of 0.15-0.10 in 1-3 days; in the medium term, around a week, if there are no substantial positive stimuli, the price of ) may further shrink.

It is important to particularly remind that extreme market fluctuations can be very volatile, and there are huge risks whether going long or short. Any trading decision should be based on a thorough risk assessment, and one should not blindly follow the trend.