Fogo’s recent pullback looks like a healthy reset after an aggressive move up. Corrections like this remove weak hands and allow real support to form. I’m watching how price reacts around this demand zone because they’re building strength instead of breaking down.
As a high-performance L1 powered by the Solana Virtual Machine, Fogo benefits from parallel execution and low latency, which gives it a strong technical foundation. But right now, structure matters more than hype.
Price is retesting previous support aligned with the 0.618 retracement.
Entry: $0.82–$0.88
Target 1: $1.05
Target 2: $1.22
Stop Loss: $0.74
If this level holds, continuation looks likely.
FOGO
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