$FOGO Rebounding Hard! 🚀 Is the SVM Powerhouse Ready for 0.030?
The "Solana Killer" is showing some serious teeth today! 🦴 After a brief consolidation, FOGO just pulled a massive +14% move, reclaiming key moving averages on the 15m chart. 📈
Why the hype?
For those who missed the news, Fogo is the high-performance Layer 1 built on the Solana Virtual Machine (SVM) that’s hitting sub-40ms block times. With the "Firedancer" tech under the hood, it’s becoming the go-to for high-frequency DeFi.
Technical Breakdown:
✅ Support: Strong bounce off the MA(99) at $0.0247.
✅ Resistance: Eyes on $0.0283. A breakout here opens the gates to $0.030+.
✅ Volume: Buying pressure is outpacing sellers (50.66% Bid vs 49.34% Ask).
Strategy: The RSI is climbing but not yet overbought on the hourly. If you're looking for an entry, watch for a successful retest of the $0.0270 level as support.
Are you holding Fogo for the long term or just scalping the volatility? Let me know below!
