As a new observer in the infrastructure sector, I’ve been tracking the performance of $FOGO on the 1-hour chart. The token has shown impressive resilience, recently bouncing from the 0.0200 support level to test the 0.0238 resistance zone.
For those just getting to know the project, @fogo is a high-performance Layer 1 blockchain built on the Solana Virtual Machine (SVM). It is specifically optimized for ultra-low latency trading, aiming for sub-40ms block times. This technical foundation is likely why we are seeing such strong 24h trading volumes (currently over 266M FOGO).
Current Chart Analysis:
Trend: The price is forming a series of higher lows, a classic bullish signal.
Volume: Strong buying interest is visible on the green candles as we approach the 0.02320 mark.
Key Levels: A clean break above 0.0240 could open the door for a test of new daily highs.
Whether you're interested in the tech behind the SVM integration or just watching the price action, $FOGO is definitely one of the most active "New" projects in the Infrastructure category right now. I'll be watching closely to see if the momentum holds through the weekend!
