The crypto market never sleeps, and today’s action on $FOGO is proving exactly why we need to stay glued to the charts. Seeing that green +6.50% ticker on the screen is a breath of fresh air, but let’s dive deeper into what the data is actually telling us.
Currently trading around $0.02261, @Fogo Official is showing some interesting resilience. We saw a dip earlier, but the bounce back from the intraday low of 0.02114 suggests that there is a strong layer of support sitting right there. Buyers stepped in aggressively, which is exactly the kind of confirmation I look for before adding to a position.
Let’s talk Volume.
The 24-hour trading volume is sitting at a massive 257.83M FOGO (over 5.79M USDT). When you see volume this high during a consolidation or recovery phase, it usually means the token is changing hands from weak hands to strong hands. The liquidity is there, and the community interest is undeniable.
Technical Outlook:
I am keeping a close watch on the MA60 line, which is currently sitting at 0.02276. If we can break and close a 4-hour candle above this resistance, the road back to the 24-hour high of 0.02388 looks much clearer.
This "Infrastructure" project is clearly building momentum. Whether you are a day trader or a long-term holder, the next few hours could be crucial for determining the trend for the rest of the week.
What is your strategy for #fogo right now? Are you taking profit here or waiting for the breakout? Let’s discuss in the comments! 🚀
