$FOGO is currently in a phase of "price discovery" post-launch. The underlying SVM technology is solid, but the token still suffers from the typical volatility of low-cap altcoins.

For the next 24-48 hours, I expect an attempt at a breakout to the upside. The threshold to watch very closely is $0.0245: a decisive break above this level would confirm the strength of the buyers, pushing the token towards the upper part of the recent trading channel.

#fogo @fogo