The FOGO/USDT pair is showing renewed strength after rebounding from the 0.02344 support level. Following a short-term correction, buyers stepped back into the market with increased volume, pushing the price toward the 0.02420 resistance zone. This move signals a shift in short-term momentum and puts FOGO back on traders’ watchlists.
Market Structure & Price Action
On the intraday timeframe, FOGO formed a clear higher low near 0.02344, followed by consecutive bullish candles. The recent push toward 0.02422 suggests buyers are attempting to reclaim control after earlier weakness. Volume expansion during the upward move further supports the bullish case, indicating real participation rather than a weak bounce.
However, price is now approaching a minor resistance area. A clean break and sustained hold above 0.02420 could open the path toward the 0.0250–0.0260 range. Failure to hold current levels may result in consolidation or a pullback to retest support.
Key Levels to Watch
Immediate Support: 0.02340
Short-Term Resistance: 0.02420
Next Bullish Target Zone: 0.0250 – 0.0260
Technical Outlook
Momentum indicators and volume structure suggest short-term bullish pressure, but confirmation is required through sustained higher highs. Traders should monitor whether volume continues to increase on upward moves. Weak volume near resistance may signal hesitation.
Risk Management
As always, volatility in altcoins can be significant. Strategic entries near support with proper stop-loss placement remain essential. Chasing breakouts without confirmation increases risk exposure.
Conclusion
FOGO is attempting to regain bullish momentum after defending key support. The next few sessions will determine whether this is the beginning of a stronger continuation move or just a temporary recovery within a broader consolidation phase.