$FOGO
/USDT is currently trading around $0.0219 after a prolonged decline from its earlier spike near the $0.09 region. On the daily timeframe, price has been forming lower highs and lower lows, reflecting sustained bearish pressure following the initial launch volatility. The market appears to be stabilizing near the $0.019–$0.020 zone, which is acting as short-term support.
The immediate resistance sits around $0.025–$0.030, aligned with previous breakdown structure and short-term moving averages. For momentum to improve, FOGO would need to reclaim and hold above this region with expanding volume. Until then, price may continue consolidating near current levels. Watching for base formation and higher low development will be important to evaluate whether accumulation is taking place or if downside risk remains.
Not Financial Advice