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Allora (ALLO) surged 52.98% to $0.463, massively outperforming Bitcoin and the broader market.
The rally was driven by a social trading alert that sparked strong retail buying and triggered a short squeeze, forcing bearish traders to cover positions and accelerating the move higher.
There was no major fundamental catalyst behind the surge, making it largely a momentum-driven event.
As long as ALLO holds above $0.40, it could retest resistance near $0.48. However, given the sharp rise and high volatility, a break below $0.38 could lead to a pullback toward $0.36.

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