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📊 Current Status

Price: 0.02801

24H Change: -5.40%

24H High: 0.03081

24H Low: 0.02674

MA(7): 0.02654

MA(25): 0.02525

Price is above both MA7 and MA25, which is slightly bullish short-term.

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🔍 Trend Analysis (Daily Chart)

1️⃣ Overall Structure

Big spike previously to 0.09708

Then strong downtrend

Bottom formed near 0.01996

Now slow recovery phase

This looks like a bottoming + early accumulation stage.

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2️⃣ Moving Averages

MA7 is above MA25 → short-term bullish momentum

Price slightly above both → small uptrend forming

But:

MA99 not shown → long-term trend still weak

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3️⃣ Resistance Levels 🚧

0.0308 – 0.0330 (strong resistance zone)

If break above 0.033 → next target 0.05

If rejected here → possible pullback.

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4️⃣ Support Levels 🛑

0.0265 (MA7 support)

0.0252 (MA25 support)

Strong support: 0.0200

If 0.025 breaks → price can revisit 0.022–0.020.

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5️⃣ Volume

Volume is not very strong right now.

For real breakout, we need high volume green candles.

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📈 Possible Scenarios

🟢 Bullish Case

Hold above 0.026

Break 0.031 with volume

Target: 0.033 → 0.05

🔴 Bearish Case

Rejection at 0.030

Drop below 0.025

Retest 0.022–0.020

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💡 My Opinion (Not Financial Advice)

It looks like:

Accumulation phase

Not full bullish yet

Needs strong breakout confirmation

If you are trading:

Safer entry near support

Don’t buy at resistance

Use stop loss

@Fogo Official #fogo $FOGO