Fogo ($FOGO ) is one of the most talked-about Layer 1 launches of early 2026. Built on the Solana Virtual Machine (SVM) but utilizing a highly optimized version of the Firedancer client, it aims to be the "Formula 1" of blockchains, specifically targeting institutional-grade high-frequency trading.
📈 Long Setup (The Reversal Play)
This setup is for traders looking for a bounce as the airdrop selling exhausts.
Entry Zone: $0.0270 – $0.0285 (Near the recent all-time low)
Target 1: $0.0350 (Recent 24h high)
Target 2: $0.0410 (Major psychological resistance)
Stop Loss: Below $0.0265 (A break here suggests a "price discovery" move to lower lows)
Rationale: The RSI on the 4H chart is nearing oversold territory, and $0.027 has acted as a "hard floor" over the last 48 hours
FOGO
0.02853
-6.85%