Allora's ALLO token surges over 100% to $0.31 after upgrade, Cobot launch

ALLO, the token of the Allora network, rose more than 100% to $0.3109 on Friday after a protocol upgrade and the launch of an AI-powered trading tool.

The rally followed a major Allora network upgrade targeting scalability and system security, alongside the launch of Cobot, an AI-powered trading tool that combines outputs from multiple machine learning models to generate signals for BTC, ETH and SOL, according to developers associated with the project. The launch marked the first widely available application built directly on Allora's infrastructure, shifting the project beyond infrastructure development into functional financial applications.

Trading volume surged to $488.18 million over 24 hours, far above recent daily averages, CoinGecko data shows. The token broke out of a multi-month accumulation range on elevated volume, triggering short-term liquidations that accelerated the move. The conclusion of Allora's Prime staking program also contributed to supply-side pressure, with a low circulating float amplifying price swings during the rally.

ALLO traded near $0.26 at the time of writing, with traders watching the $0.22 support level as critical for maintaining upward momentum. A sustained break above $0.30 could open a path toward the $0.99 resistance zone last seen during earlier market expansion, while a drop below $0.22 would shift focus back to the $0.20 region.

The broader rotation into AI-linked crypto assets reinforced ALLO's gains, with several AI-focused tokens recording strong moves during the same period, CoinGecko data shows. ALLO emerged as one of the strongest performers in the AI-crypto segment, benefiting from both narrative momentum and technical breakout dynamics. The token's low circulating float relative to total supply has increased sensitivity to demand spikes, intensifying price swings during the rally.

This article is for informational purposes only and does not constitute investment advice.