ALLOTRY Volatility Surges as 2.45 Resistance Fails Again

Summary
• Price traded between 2.39 and 2.48, forming bullish engulfing and bearish harami patterns.
• RSI signaled moderate momentum, while MACD remained near zero, hinting at a consolidation phase.
• Volatility expanded after 19:00 ET, with Bollinger Bands widening as volume surged past 115k.
• Key resistance at 2.45 and support at 2.42 were tested multiple times with no decisive breakout.
• Turnover surged past 372k at 11:45 ET, aligning with a sharp price drop to 2.41.

Allora/Turkish Lira (ALLOTRY) opened at 2.42 on 2026-02-07 12:00 ET, reached a high of 2.48, and closed at 2.41 by 12:00 ET on 2026-02-08. The pair traded within a 2.39–2.48 range, with a total volume of 1,551,294 and notional turnover of 372,846.686.

Structure & Formations

The price action showed a bullish engulfing pattern near 2.41–2.43 and a bearish harami at 2.44–2.45, indicating tug-of-war between buyers and sellers. Multiple tests of the 2.45 resistance failed to produce a clear break, while support at 2.42 held during a 06:45 ET pullback.

Moving Averages

On the 5-minute chart, the 20-period and 50-period SMAs converged around the 2.42–2.43 range, reinforcing the consolidation phase. The daily chart’s 50-period SMA sits at 2.40, below the 100-period SMA at 2.42, suggesting a bearish bias for the broader trend.

Momentum and Volatility

RSI hovered between 35 and 55, reflecting neutral momentum without clear overbought or oversold signals. MACD remained near zero, with no dominant trend emerging. Volatility spiked after 19:00 ET as volume surged past 115k, and Bollinger Bands expanded to reflect increased uncertainty.

Volume and Turnover Analysis

Volume and turnover diverged in the early morning hours, with turnover peaking at 372k on 11:45 ET despite moderate volume. This suggests aggressive liquidation or position shifting near key levels. The 02:00–03:00 ET session saw consistent volume but minimal price movement, reinforcing the consolidation.

Fibonacci Retracements

On the 5-minute chart, the 61.8% retracement level from the 2.39 low to the 2.48 high is at 2.44, which acted as resistance multiple times. On the daily chart, the 38.2% retracement of the recent move sits at 2.41, where price paused before declining.

Price may test the 2.42–2.45 range again in the next 24 hours, with a potential breakout or continued consolidation. Investors should watch for a decisive close above 2.45 or below 2.40, as it may signal a shift in sentiment, but caution is warranted given the current indecision.