#fogo $FOGO

$FOGO /USDT is trading at 0.02564, up +3.93% on the 1H timeframe, showing short-term bullish recovery after a sharp pullback from the 0.02697 high. Price recently bounced from the 0.0243–0.0245 support zone and is forming higher lows, indicating buyers are stepping back in. The Parabolic SAR flipped below price earlier during the bounce, signaling bullish momentum, but the latest dots are tightening, suggesting caution near current levels.

Volume spiked strongly during the breakout move and has since cooled, which means continuation will require fresh buying pressure. Immediate resistance sits around 0.0264–0.0270. A clean break above 0.0270 could open the door toward 0.0280+. On the downside, 0.0248 and 0.0243 remain key support levels.

Overall bias is cautiously bullish while price holds above 0.0248, but traders should watch volume for confirmation before expecting a strong breakout continuation.