In the last 24 hours, the FWOG token has surged by an impressive 14.84%, leaving behind the overall growth of the cryptocurrency market (+2.69%). Over the week, it has gained 29.31%, despite its parent network SOL declining by 7.3%. Why is FWOG confidently moving upwards?
1. It survived where others could not
In May, the Gate.io exchange conducted a cleanup, removing 83 tokens, including projects based on SOL. But FWOG remained! This has increased trust in it — after all, it passed the viability test.
Trading volume rose to $9 million, despite the overall decrease in market activity.
2. Technical signals — everything is green
FWOG has broken through an important moving average level and is holding above it.
- MACD indicates accelerating growth
- RSI is in the neutral zone, with no signs of overheating
The price of $0.0582 is confidently above the 30-day SMA ($0.0468), and the nearest resistance is already behind — now the target is $0.0665!
3. Altcoins are back in fashion
The altcoin season index has risen by 17.24%, and BTC dominance has slightly decreased. This means that investors are once again looking at smaller coins.
FWOG found itself in the right place at the right time — even despite the weakness of SOL.
