#fogo $FOGO
FOGO is currently in phase:
• exit from downtrend
• formation of a medium-term uptrend
• increased volumes (there is interest)
This means: the coin is transitioning from a phase of fear to a phase of accumulation.
Will there be a new growth phase?
After a prolonged downward trend from 0.034 to 0.0199, FOGO has formed a local bottom and started to show signs of recovery. On the 4H timeframe, the price has stabilized above EMA(25) and EMA(99), indicating a transition to a medium-term growth phase.
Technical picture
The current price is in the consolidation zone after an impulsive move to 0.032–0.033. Volumes have increased, confirming the presence of interest in the asset. A structure of higher lows is forming — a sign of a potential trend reversal.
Key levels:
• Support: 0.0273 / 0.0260 / 0.0250
• Resistance: 0.0293 / 0.0330 / 0.0380
As long as the price stays above 0.026, the bullish scenario remains relevant.
