Today I was reviewing the behavior of $FOGO on Binance and I find the structure it is forming interesting. Currently, the price is around the zone of 0.029 USDT after having marked a minimum close to 0.0199, showing a progressive recovery from the recent bottom.
In daily timeframes, there is a crossover and approach of EMA(9) and EMA(20), a signal of possible momentum change. The MACD begins to turn positive and the histogram shows increasing strength. The RSI(6) is already in the high zone, indicating momentum, although a consolidation could come before a new bullish phase.
The volume in the reacting piece and the OI also shows movement, which may anticipate volatility. For me, the key is to maintain a structure of increasing lows and confirm the breakout with volume.
I will continue monitoring @Fogo Official because if $FOGO consolidates above this zone, it could be building an interesting base for upcoming expansions.