$FOGO is gaining attention as capital rotates toward high-utility infrastructure plays — a sector that typically attracts more strategic positioning than speculative momentum.
On the 15-minute chart, price is consolidating around 0.02347, holding above the local low at 0.02339. These low-volatility compressions often matter most to experienced traders, as they can signal quiet accumulation ahead of expansion.
Technically, downside momentum appears to be fading. After the rejection at 0.02434, price corrected and is now attempting to stabilize near support. The current structure resembles a potential double bottom formation around the 0.02340 zone.
A confirmed break and close above 0.02400 would likely open the path toward the recent 24-hour high at 0.02513. That would mark a shift from consolidation to continuation.
Volume remains healthy at 230M FOGO, suggesting liquidity is present. While the current gain sits near +1%, the structure matters more than the percentage move. Watch for strong candle closes above resistance — especially a decisive green candle — as confirmation of bullish continuation.
Proposed setup: Entry: 0.02340 – 0.02350
TP1: 0.02410
TP2: 0.02480
TP3: 0.02550
SL: 0.02310
Patience remains key. Consolidation precedes expansion — especially in infrastructure-focused assets.
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