#fogo $FOGO

On the 1H chart of $FOGO /USDT, price is currently trading around 0.02963 after a strong intraday push to the 24h high near 0.03320. The move shows clear bullish momentum followed by a healthy pullback and consolidation. Buyers stepped in around the 0.0267–0.0270 zone, which aligns closely with the recent 24h low, forming a short-term support base.

The structure now shows higher lows developing after the retracement, suggesting momentum is gradually rebuilding. Volume spiked significantly during the breakout leg, confirming strong participation, while the pullback occurred on relatively lighter volume — typically a constructive sign. The SAR indicator has flipped below price again, hinting at short-term bullish continuation.

Immediate resistance sits around 0.0305–0.0315. A clean break above this zone could open a retest of 0.0332. On the downside, losing 0.0270 may shift momentum back to sellers.

Overall bias: cautiously bullish while above support.