Aleo Surges 10% Breaking 9-Month Trendline

Aleo has recently broken above a 9-month descending trendline, marking a significant shift in its market behavior. The price surged to $0.209, reclaiming a level not seen since April and printing its first higher high since the all-time high. This move was accompanied by a surge in volume, indicating strong buying pressure and signaling fresh momentum into early July’s breakout.

The breakout is particularly notable as it follows a period of consistent lower highs, with the trendline shaping every failed rally since late 2024. The price now trades above former resistance, reclaiming ground once capped by persistent selling pressure. The momentum flipped as buyers stepped in above $0.18, invalidating the latest lower high and reclaiming control at a critical zone. This marks the first decisive break above the trend curve since the asset’s all-time high.

Market watcher Javon Marks highlighted the structural importance of this breakout, outlining its potential implications. He referenced a projected level of $6.49112, over 2,500% away, as a possible macro target tied to historical setups. His observation frames the current rally within a larger potential expansion phase. However, it is important to note that this is a forecast and not an actual target.

Aleo has maintained strength near $0.209, holding above both trendline and consolidation support. The curve flattening before the breakout hinted at exhaustion, and the recent impulse confirms that pressure has shifted upward. Buyers have stepped in at every key zone since the move began. That said, the move remains in early stages and must hold above previous resistance to confirm a full reversal. A rejection below $0.18 could invalidate the momentum built into July.

The current rally also reflects the first higher high since the token’s extended drawdown began. If price sustains above $0.21, traders may begin reloading for a wider trend continuation. Volume and structure will dictate the pace from here, especially as the market approaches previous breakdown levels. This breakout marks a turning point in Aleo’s market behavior after months of compressed action. With the downtrend broken and volume building, attention now shifts to the next phase of confirmation. Aleo now sits at a key decision point as it tests its strength above the reclaimed structure.