Crypto Rally Alert: ALLO, NTRN, ALCX, DYM, TURTLE Surge in Last 24 Hours
Allora Network (ALLO) +24.29%
Allora Network’s ALLO token recently launched on the BNB Chain and gained tradability on BingX, sparking initial excitement. The project focuses on incentivizing AI nodes, aiming to blend blockchain with artificial intelligence infrastructure.
#ALLO experienced a significant airdrop targeting eligible BNB holders, distributing 15 million tokens (1.5% of max supply). However, the token plunged 56% post-airdrop, reflecting typical sell pressure after distribution events and possibly unmet market expectations.
Given the sharp post-airdrop decline and volatility, ALLO’s price may face further downward pressure unless the project delivers tangible AI node utility soon. Cautious traders should expect potential consolidation before any sustained rise.
Neutron (NTRN) +12.22%
Neutron’s NTRN token has seen renewed interest following a late 2023 surge and recovery from a January dip. It is actively traded on Binance with favorable risk/reward setups noted by traders.
#NTRN is positioned as a promising altcoin with growing attention from traders eyeing altcoin ETFs and increased volume. The project’s fundamentals appear strong enough to support a rebound in price momentum.
With technical setups favoring entry points and positive market sentiment returning, NTRN could continue climbing in the near term. However, investors should monitor volume and broader market trends for confirmation.
Alchemix (ALCX) +9.63%
Alchemix’s ALCX token surged over 200% recently following a major v3 protocol upgrade and new exchange listings. This rally reflects renewed investor confidence in its DeFi lending platform.
#ALCX benefits from its innovative self-repaying loan model and active community governance. The recent buyback plan approved by its DAO further supports token value by reducing circulating supply.
The strong technical upgrade combined with buyback initiatives suggests ALCX may sustain upward momentum. Nonetheless, given crypto volatility, some profit-taking could occur before further gains.
Dymension (DYM) +9.28%
Dymension’s DYM token skyrocketed over 106% within 24 hours, hitting $0.163 amid heavy trading volume exceeding $377 million. The token is currently overbought according to RSI metrics.
#DYM is gaining traction as a layer-2 scaling solution with growing ecosystem activity. The rapid price surge indicates strong speculative interest but also technical resistance ahead.
The overbought condition suggests a short-term pullback or consolidation is likely before DYM can resume an upward trajectory. Traders should watch for volume stability and support levels closely.
Turtle (TURTLE) +8.11%
Turtle token recently listed on Binance with USDT, USDC, and BNB pairs, significantly boosting liquidity and visibility. The token has recovered from long-term pressure and shows signs of breakout strength.
#TURTLE incentivizes liquidity providers through its Liquidity Leaderboard program, allocating about 1.6% of total supply as rewards. Upcoming token unlocks totaling nearly 8% of supply may impact price dynamics.
The Binance listing and active reward programs support potential upside near term; however, watch for volatility around the scheduled token unlocks in late November which could trigger sell-offs or price dips.
