FOGO/USDT Technical Outlook đđ
FOGO is showing steady recovery structure after a long consolidation phase. Price is now holding above short-term moving averages, and volume expansion on recent green candles suggests fresh momentum entering the market. đ„
The trend is shifting from sideways to early bullish, with higher lows forming a classic sign of accumulation turning into markup.
đŻ Targets
Target 1: $0.048 â First minor resistance from recent intraday highs
Target 2: $0.055 â Previous breakdown zone, likely profit-taking area
Target 3: $0.068 â Major supply zone before last big rejection
A clean break with volume above Target 1 increases the probability of a push toward the higher levels. đ
đĄïž Key Support
Support: $0.039 â This is the main structure support and aligns with moving average confluence. Holding above keeps bullish momentum intact.
đ Summary
Momentum is building, volume supports the move, and structure favors continuation as long as $0.039 holds. Watch for strong candles near resistance â thatâs where confirmation happens. đđ„
