$FOGO /USDT Market Update 📊
Current Price: $0.02946
24h Change: -3.48% 🔻
24h Range: High $0.03941 | Low $0.02775
Technical View: On the 4h chart, FOGO is in a bearish trend, trading below key resistance zones following its recent mainnet launch on January 15. The price is currently testing the $0.027 support level after a significant correction from its historical high of $0.06326.
Market Sentiment: Momentum remains under pressure as early airdrop recipients and leveraged positions continue to liquidate. While volume remains high on Binance Futures at over $191M, short-term moving averages indicate a continued bearish outlook unless the current support holds.
Observation: Watch the $0.027 support zone closely; a break below this could signal further downside, while holding it may lead to a consolidation phase. 🚨
