#fogo $FOGO
📊 Price + Volume Action
$FOGO recently experienced a strong intraday rally of ~23 % with significant trading volume, nearing 40–56 % of its market cap — an unusually high volume ratio that signals heavy participation and active price discovery.
MEXC +1
📈 Technical Levels
Immediate resistance sits around $0.030–$0.031 — holding above this zone would be bullish.
Break above the 200-EMA (~$0.0295) on lower timeframes could open room toward $0.038–$0.040 range.
Key supports remain near $0.0280, then $0.0245–$0.0250 — a breakdown below these risks deeper pullbacks.
MEXC +1
📉 Trend Context
While short-term momentum has lifted prices, the 30-day trend still shows a broader downward bias, meaning this rally may be a recovery bounce rather than a confirmed uptrend until higher highs and higher lows structure forms.
MEXC
📌 Risk Factors
A large portion of token supply is not yet circulating, creating dilution risk if unlocks are released.
High volume spikes can reflect speculative rotation or whale activity rather than organic accumulation.
Broader crypto market conditions and macro sentiment still influence liquidity.
MEXC
💡 Key Takeaways for Traders
➡️ Bullish scenario: Sustain above $0.030, with volume holding strong, and clear break above the 200-EMA.
➡️ Neutral/sideways: Consolidation between $0.028–$0.031.
➡️ Bearish risk: Drop below $0.028 triggers retest of lower supports.