The recent price action onFOGO /USDT is showing a classic short-term correction phase after a strong upward impulse, and this is exactly why I’m closely watching @fogo and the $FOGOecostem right now. Over the past sessions, we saw $FOGO push toward a local high around 0.02697 before facing resistance and retracing toward the 0.02400 zone. This kind of movement is completely natural after a sharp expansion move, especially in a newly emerging infrastructure-focused project.
On the 1-hour timeframe, the rejection near 0.0269 marked a temporary top, followed by a series of lower highs and increasing red candles. The Parabolic SAR flipped above price after the peak, signaling short-term bearish momentum. However, what stands out is that the pullback found support around 0.02400 — a level that now becomes a critical demand zone for bulls.
Volume analysis is equally important here. We saw a significant volume spike during the upward breakout phase, confirming strong buying interest in $FOGO. As price retraced, volume gradually declined, which often suggests that selling pressure is not aggressively accelerating but rather cooling off after profit-taking. If buyers step back in around this support area with increasing volume, we could see a potential bounce structure forming.
From a technical perspective, there are three key zones to monitor:
1️⃣ Immediate Support: 0.02400
This level has already been tested. If $FOGO holds above it and forms higher lows on lower timeframes, it may signal accumulation.
2️⃣ Mid Resistance: 0.02550 – 0.02580
Price consolidated around this range during the pullback. A reclaim of this zone would shift short-term sentiment back to bullish.
3️⃣ Major Resistance: 0.02697
The previous 24h high. A breakout above this level with volume could open the door for continuation and price discovery.
Beyond short-term chart structure, I believe the bigger narrative is about infrastructure growth. @fogo is positioning itself within the infrastructure sector, which historically becomes a strong long-term category during expansion cycles. Projects that focus on building foundational layers tend to gain sustained attention when adoption grows.
$FOGO is still relatively fresh in market structure terms, which means volatility is expected. But volatility also creates opportunity. The key is identifying whether pullbacks are distribution or healthy consolidation. So far, this correction looks more like a controlled retracement rather than panic selling.
For traders, patience is essential. Watching for confirmation signals like higher lows, bullish engulfing candles near support, or SAR flipping back below price can provide clues. For long-term believers in the @fogo vision, these consolidation phases can be areas of strategic positioning rather than emotional reaction.
Risk management remains critical. A clean break below 0.02400 with strong volume could invalidate the short-term support thesis and push price toward deeper retracement levels. But as long as buyers defend this zone, the structure remains constructive.
In summary, $FOGO is currently in a decision zone. The recent high near 0.02697 showed strong bullish potential. The current pullback toward 0.02400 is testing conviction. What happens next depends on volume and structure around this support.
I’m watching closely for a reclaim of 0.02550 and eventually a breakout above 0.02697 to confirm continuation. Until then, this is a textbook example of how early-stage infrastructure tokens like $FOGO build momentum step by step.
Let’s see how @fogo develops from here. The structure is interesting, the volume profile is promising, and the next few sessions could define the 
trend.