Watching price explode from $0.30 to $1.80 in October felt exciting. A 500% move always brings energy, confidence, and big expectations. But what followed was just as intense. The drop back toward the $0.10 area tested patience and conviction. That kind of correction isn’t easy to sit through.
Here’s the reality though: in crypto, especially with developing Layer 1 projects, deep pullbacks are part of the cycle. They shake out hype, cool off speculation, and force the market to reassess real value.
Right now, the $0.08–$0.12 zone feels important. It’s an area where buyers seem willing to step in. Selling pressure has slowed down compared to earlier waves, and volume on dips is decreasing. That doesn’t guarantee a reversal — but it does suggest panic selling may be fading.
On the upside, the roadmap is simple: • A clean break above $0.15 could open momentum toward $0.25
• Reclaiming the 50-day moving average around $0.18 would show improving structure
• Losing $0.08 could mean one more deeper flush toward $0.05–$0.06
Indicators are stabilizing. RSI is no longer overheated, sitting in the mid-range. The 4H MACD is starting to turn upward. Moving averages are still bearish overall, but trends don’t flip overnight — they shift gradually.
But charts are only one part of the story.
@Fogo Official is building a high-performance Layer 1 powered by the Solana Virtual Machine. That matters. It means speed, scalability, and compatibility with an ecosystem developers already understand. While price moves up and down, development continues in the background — and that’s usually what separates short-term noise from long-term potential.
This phase feels less like hype and more like evaluation. Less emotion, more structure. Instead of chasing candles, it might be about watching confirmation.
$FOGO may not be screaming for attention right now — and sometimes that’s when the real foundations are formed.
Patience here could matter more than excitement.
#FOGOUST @Fogo Official $FOGO