đ Why $FOGO is Surging +15% Today?
@Fogo Official is defying the "Extreme Fear" sentiment (index 11) in the broader market, posting a sharp 10.6% to 15% recovery. Currently trading near $0.0256, it is reclaiming critical ground after its January mainnet launch.
đ Trading Analysis: The "Hardcore Tech" Rebound
* Institutional Positioning: While airdrop hunters distributed tokens early on, institutional-level funds are now identifying FOGO as a preferred target for high-performance public chain allocation.
* SVM Efficiency: Fogoâs customized Firedancer architectureâdelivering 40ms block times and 136,866 TPSâis attracting volume from high-frequency traders seeking sub-second finality.
* Buy Signals: On the 4 hour chart, FOGO is positioned above its pivot point of $0.02542, with both MA and EMA groups generating strong buy signals.
Professional Thought: The current surge indicates that technical execution is winning over market noise. If FOGO can sustain daily volume above $25M, a push toward the $0.035 resistance is likely.