Fogo (FOGO) has begun to show early signs of recovery on the daily chart, trading around $0.0197 after enduring a prolonged period of downward pressure and sideways consolidation. Price action is now stabilizing within a narrowing range, suggesting that the market is transitioning from a distribution phase into a potential accumulation structure. This shift indicates that sellers are gradually losing dominance while buyers cautiously re-enter the market, creating conditions for a possible breakout if momentum continues to build.