ALLO traded near $0.3109 on Friday. The move came alongside an unusual surge in trading activity, with 24-hour volume reaching $488.18 million, far above recent daily averages. ALLO price chart The sharp price increase followed a combination of protocol-level upgrades, a new product rollout, and a broader rotation of capital into artificial intelligence-linked crypto assets. Network upgrade and Cobot launch ignited the rally A key driver behind the rally was the rollout of a major Allora network upgrade focused on improving scalability and system security across the decentralised intelligence layer. The upgrade coincided with the launch of Cobot , an AI-powered trading tool built on top of the Allora network. Cobot is designed to generate trading signals by combining outputs from multiple machine learning models rather than relying on a single predictive system. According to developers associated with the project, the system aggregates competing model outputs in real time and converts them into actionable trading insights for assets such as BTC, ETH, and SOL. The launch marked the first widely available application built directly on Allora’s infrastructure, moving the project beyond infrastructure development into functional financial applications. This transition played a central role in shifting market attention toward real-world utility rather than speculative positioning alone. The market reacted quickly to the development, with trading volumes accelerating sharply as the announcement spread across crypto trading communities. The combination of a live network upgrade and a functional product created a clear catalyst for fresh capital inflows. AI sector rotation and breakout momentum amplified the rally Beyond the protocol-specific developments, ALLO’s surge was reinforced by a broader rotation into artificial intelligence-related crypto assets. During the same period, several AI-focused tokens recorded strong gains, indicating that capital was actively moving into the sector as a whole. Within this environment, ALLO emerged as one of the strongest performers, benefiting from both narrative momentum and technical strength. The token broke out of a multi-month accumulation range on elevated trading volume, a move that typically signals the beginning of a high-volatility expansion phase. The breakout also triggered short-term liquidations, further accelerating price movement as leveraged positions were forced to unwind. This contributed to the rapid climb toward the upper end of its daily range near $0.31 before the token settled closer to $0.26 at the time of writing. Traders also pointed to the conclusion of Allora’s Prime staking program as a factor contributing to short-term supply adjustments. With a relatively low circulating float compared to total supply, changes in staking participation appear to have increased sensitivity to demand spikes, intensifying price swings during the rally. ALLO price forecast in the short term Following the surge, ALLO now trades significantly above recent consolidation zones. The price structure shows a key support region forming around $0.22, a level that traders are closely watching after the latest breakout. Holding above this zone is viewed as critical for maintaining upward momentum. On the upside, traders are monitoring the area near $0.30, which aligns with the upper boundary of the recent trading range. A sustained break above this level could open a path toward historical resistance near $0.99, a level last seen during earlier phases of market expansion. However, the same volatility that drove the rally also leaves the token exposed to sharp reversals. A drop below $0.22 would shift attention back toward the $0.20 region, where buyers previously stepped in during earlier consolidation phases. The post What pushed the price of Allora’s ALLO token up by over 100%? appeared first on Invezz
